Full text of Treasury Bulletin : September 1944
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BULLETIN
OF THE
TREASURY DEPARTMENT
SEPTEMBER
1944
('
Analysis of Receipts and Expenditures
Composition of the Public Debt
Securities
Prices and Yields of Government
Other Treasury Statistics
UNITED STATES
TREASURY DEPARTMENT
OFFICE OF THE SECRETARY
September 1944
Cumulative Table of Contents
Ia>ue and page nunber
19UU
3«pt.
J"ly- j^me
fag-
I9U3
Apr.
Magr
Not.
Dec.
Oct.
Sspt
Speolal articles
War Loani;
nfth War
Loan, June-July 19UU:
Sales of securltleB, claaalflad by lasuaa, by typas of Investor, and
by Statee
A-1—
A-15
Out line of plans
Comparison of features of securities offered.
A-3
k-ilA-5
Fourth War Loan, Jamiary-Tebruary 19^:
Sales of securities, classified by Issues, by types of InTeetor, and
by States
A-1—
A-ll
Preliminary report on sales
Outline of plans
Comparison of features of securitlee offered
7
8-9
Third War Loan, September 19U3;
Sales of securities, classified by issues, by types of investor, and
by States
Security purchases outside war loans by commercial banks and
ment agencies and trust funds:
Fl f th War Loan
Fourth War Loan
Financial operatlonfl of th«
U^ted
V
U.
1-7
OCTern-
S.
A-16
,
Statvt Oovemment during fiscal 7«ar l^Uk.
A-1—
A-8
Geographic dlstrltnitloa of bank deposlte, Deoemter 31, 1$^!, 19^2. and 19^3-.
A-1—
A-ll
Corporate net Income, income taxes, and dlTldenda. I936-I9UU
A-2—
A-3
Treasury market financing
A-U
A-16
A-8
A-12A-13
nnanclng the war and the post-war readjustment
1-6
Summary of flBoal Btatistioe
Budgetary receipts and expenditures
Public debt and guaranteed obligations oatetandlng.
Means of financing each requirement s
Reoelptfl and expenditures and approprlatlona
Budgetary receipts and expenditures:
Sumsaiy
major classifications
Analysis of receipts from Internal rereoue
Analysis of general expenditures
,
Analysis of expenditures for war aotlTltles
Analysis of expenditures for (1) rerolTlng funds and (2) transfers to
trust accounts, etc
Total budgetary receipts aod expenditures, by months, for recent years.
^
Trust account s
,
etc
.
receipt s and expenditures
Means of financing cash requirements
Social Security programi
Budgetary receipts and axpandltnresi
Social Security Act
Railroad Retirement Act
Railroad Unemployment Inauranoe Act.
Statement of trust accounts:
Federal Old-Age and SurvlTors Inauranoe Trust Tnnd.
Railroad Retirement Account
Unemployment Trust Tani
5
7
8
7
7
8
7
I
8
7
7
8
9
9
9
9
9
9
9
9
g-9 10-11 10-11 10-11 10-11 10-11 10-11
7
7
15
7
7
8
15
7
l6
\l
7
8
9
17
9
17
9
9
17
9
17
9
18-19 10-11 18-19 10-11
7
9
10
12
IS
IS
IS
13
IS
IS
SO
IS
SO
IS
11
13
13
13
13
13
13
13
SI
13
SI
13
12
13
Ik
lit
ii»
lit
15
15
15
15
15
15
15
15
S2
S3
S3
lit
15
15
Ik
15
lit
15
13
14
15
15
15
15
SS
S3
S3
lU
15
15
Ik
Ik
Ik
16
16
16
16
16
16
16
16
16
16
IS
16
16
16
16
16
16
16
16
16
16
!k
SU
SU
16
16
16
SU
SU
sb
16
16
16
5-6
5-6
5-fi
S«
5-fi
5-6
5-6 13-lU
5-6
17
17
17
J7
17
17
Appropriations and net oontraot author! lationt for the war aotlTltlea fxogram
as of nonth-and prooedlng month of pablieation
Cash income and ontfo of the Treasury:
Analysis by major classifications
Total cash income and outgo by months beginning with:
January 1938
January 1939
7
17
17
17
17
17
17
17
lO-U
5-6 13-lU
17
S5
17
S5 17-18 S5-S6 17-18
17
85
17
17
Oaneral Fund of the Treaeury
Assets, liabilities, and balance in General Fund.
Analysis of changes in balancs of General Fund...
30
31
(Continued on following page)
Trcasuni Bulletin
Cumulative Table of Contents
(Continued)
-
I««uc and
pw*
BiiaWr
19bli
Sept.
J11I7•tar
AU(.
19'«3
Apr.
Dae.
Mar.
lo7.
Oct.
Sapt
Public d»bt «nd gu»r»nte»tf obIlK«tlon» of Unlt«a 8t«t«e OoTernaent
Public l<bt tni fuaruilMd obll(«tlaB>:
tetsllxl •t«tn«at
Plic.l 7««r«. 1935-lJ''''
Msnthlj data
Ch«rl
Public Icbt:
Itivunc*
22
22
22
?3-2'» J3-2''
J?-26 23-2'' 23-2't 23-2'«
27
29
25
2?
23
25
.31
32
r«tlr*a«nt (racttpti uid txpaBdi Iotm) .
coapotltton of
will
Iot«r«tt-b«ar*. oc l«bt
OuarantMd
22
22
»>-«nr
2l>
.
obll|i>tl<>°* h»ll by
Truiury
26
?7
D«bt poiltl9fi of nnlt«d StAta* OoTvmnant undar llattatloaa lapoaad
Sactloo ?1 of tha Sacoad Llbartj Boad Act, *• aaasdad:
2«
27
bjr
Saptaabar V>. \<i^}
l'^''^
Dacaabar ?1
tUrch ?1 19»^
Juna yb. l^iiU
.
.
28
Coapu'.ad Intaraat eharca and eoaputad Ictaraat rata
27
29
26
26
27
27
27
of l.ntaraat-baarlnc public aarkatabla aacurltlaa laauad
or (uaraataad by tha Un<. tad Stataa. aa of aontb-aod praeadlnc aonth of
Mat'^Ur achalula
8«-30 30-32 27-29 27-29 2«-30 27-29 27-29 2«-30 35-37 2S-30 37-39 27-21
pabllcatloD
Offariofa of aarkatabla laauaa of Traaauij bonda, nataa, and eartlflcataa
of lodabtadnaaa
Jl
33
32
3''
30
Maooiltloa of aaturad aarkatabla laauaa of Traaaurjr bonda. notaa, and
eartlflcataa of lodabtadnaaa
ko
29
32
kl
JO
33- S"* 3'*-35 Ul-U? 33-3''
ll2-l«3
31-32
30
31
31
3«
33- J^ 35-36 31-32 31-32 32-33 31-32 31-32 32-33 39-«l
Offarln^a and aaturltlaa of Traaaurjr btllt
Uoltad Stataa aavln^a bonda:
Suaaary of aalaa and rada^tlono, by aarlaa
Salaa by aarlaa. claaalflad by daooaloatlona
Salaa t> InTaatora othar than coaaarclal banka by aarlaa, olaaalftad
by Stataa
Payroll aaTii,«a plana
35-36 37-3« 33-3"* 33-3''
39
35
35
37
3«-39
llO-ltl
lio
U2
35-36
36-37 36-37 37-3* 37-38 36-37 37-3«
3«
3«
3«
39
39
39
^"ui
36-37
149.116
3«
"7
Traaa-Jry notaa - tax and aaTlo^a aarlaa:
Swi-^ry of aalaa and radaaptlona, by aarlaa
Salaa, claaalflad by:
DanoatnatloB
Typa of purchaaar
>IO-ltl
Onltad Stataa aarloxa ataapa:
Suvury of aalaa and radaaptlooa
Salaa. claaalflad by:
Danoalaatloa
^
Stataa
i«-l»3 3«-39 39-"<0 llO-ltl ItO-ltl 39-110 iio-ui U7-U« 39-I1O l«->>9
Us
lio
Ul
ko
Ul
"3
Ul
l»2
••3
"•3
hi
Il2
••3
b2
l>2
hi
Ul
U2
Us
50
90
3U.3I
v-v
39
39
ko
k2
ko
"•3
ki
Ownerahlp of United 3Iate« Ooverniient aacurltlta
>t5
SUBvary dtatrlbatloo. by holdara
I16
ii£
53
kS
53
••9
latl-latad ovnarahlp by varl-sua claaaaa of bank and non-bank tnaaatora.
Mar<at tranaactlona In OoTarojtant aacurltlaa for Traaaury loaaataant
accointa. aoothly ba«Unlo« January J937
k£
'•5
Traaaury Surray of Ovnarahlp;
Ovnarahlp by banka and laauraaea eoacABlaa:
July 11. UU}
19>i3
Aucuat 31
Saptaabar 30, 19l»3
Octibar 31, 19''3
kk-k9
95-60
.
i'6-9l
5''-59
30. 19I13
Dacaabar 31, 19''5
January Jl. 19UU
116-91
V-57
52-57
"17-92
V-57; '«-51
Pabruary M. 19U14
March W 19''''
April 30, 19''''
day '1, 19''''
Juna to, l^l*
''6-91
.
U9-iif
>>9-92
H7-?0
laalalon of claaairicatloo of Inauranca coapaay data, quartarly
March tl. 19l'l thrt.iKb Mar«h 31. 19''3. and Aprtl 10 and May ;l,
Hilt
Xaclaaa'flcatloa of data as banka, aoathly loaabar 30.
through fabniary 29. 19'*
92-6J
19''3
52-57
aarloua claaaaa of Padaral laaaraa aasbar and anaaaabar
banka:
9«-«3
31. W-fX.
l?*"'...
W7-52
52-97
loanbar
Ovnarahlp by
coaaarclal
Dacaabar
Juna 30.
"3
91-911
(Coatlauad on foUovlnc paca)
September 1944
Cumulative Table of Contents
-
(Continued)
September 1944
A-l
Financial Operations of the United States Government
During the Fiscal Year 1044
The July 3. 19'*'* press release of the Treasnry pevlewio^ receipts, expenditiires, and changes In the public debt
during the fiscal year ig'A, offers a convenient review of
the material In various tables In the "Treasury Bulletin".
Accordingly, the press release with minor revisions Is presented below. The revisions have been made primarily to
bring out the relationship between "Bulletin" tables and
material in the press release, and in some cases to add
data lAlch were not available when the press
iTone 30
Throu^out the article figures are
release was issued.
presented in millions of dollars and differences have been
computed on the basis of these rounded figures Instead of
following the usual "Bulletin" procedure of making all
calculations from unrounded figures. Percentages have also
been calculated on the basis of rounded figures.
Summary
Government reoelpta and expenditures for the
fisoal year 1944 reached unprecedented peake.
Receipts for the fiscal year 1944 (exclusive
of amounts set aside for account of Federal Oldage and Survivors Insurance Trust Fund) amounted
to $44,149 millions, an increase of $21,86? millions, or nearly double the amount of net receipts for the fiscal year 194?, the previous
record year.
(In millions of dollars)
Cash requirements:
Net budgetary deficit, excluding debt
retirements
49, 595
Excess of receipts (-) or expenditures (+) in:
Checking accounts of Government corporations, etc.:
General
+1.529
Sales and redemptions of
obligations in the market (net)
+2,874
Trust and other accounts....
-352 +4,051
Increase in General Fund balance
+10,662
Total cash requirements
64, 307
Means of f.naneing;
Public debt receipts (net) from:
Public issues
Special issues
Total means of financing
60,891
3>'^l6
64,307
Receipts
Table 1 compares budgetary receipts and expenditures for the fiscal years 1943 and 1944 and
shows the increase or decrease for each classification.
Total budgetary expenditures (exclusive of
public debt retirements) amounted to $93,744 millions for the fisoal year 1944, an increase of
$15,565 millions over the previous year.
Expenditures for war activities amounted to
In addition, the Reoonstnio$87,039 millions.
tlon Finance Corporation and its subsidiaries
spent $2,682 millions for war activities during
These items together with interest on
the year.
the war debt accounted for more than 951^ of total
expenditures.
The net budgetary deficit for the year was
$49,595 millions, as compared with $55,897 milAlthough total
lions for the preceding year.
budgetary expenditures were $15.5^5 millions more
than in the fiscal year 1943, the deficit was
$6,302 mlllione smaller due to the fact that tax
collections were substantially greater.
The following table shows the sources which
provided the funds to finance the net deficit of
549,595 millions, the excess of expenditures of
trust accounts and Q-overnment corporations, etc.,
of $4,051 millions, and the increase in the General Fund balance of $10,662 millions, or a total
of $64,307 millions.
Total receipts of the Federal Government in
the fisoal year 1944 amounted to $45,40S millions
as compared with $23,385 millions in 1943,
an
increase of $22,023 millions.
Income and profits
taxes increased $18,561 millions, of which $8,393
Billions represented receipts of individual income taxes withheld
by
employers under the
Current Tax Payment Act of 1943. Miscellaneous
internal revenue increased $738 millions; sooicd.
security taxes and taxes upon carriers and their
employees increased $24l millions; customs receipts increased $107 millions; and miscellaneous
receipts increased $2,374 millions.
For a detailed analysis of internal revenue collections
on the basis of reports from the collectors of
internal revenue, see pages 68-70 of the July
1944-Augu8t 1944 issue of the "Treasury Bulletin".
Despite the war, customs collections amounting to $431 millions were the highest since 1937This increase is accounted for, in large part,
because of increased importations of aJ.ooholio
beverages and wool.
Receipts under renegotiation of war contracts have accounted for the greater part of
miscellaneous receipts during the last two years.
In the fiscal year Just ended there was paid into
.
.
Trcasurif
K-2
the Treasury aore than t2>000 jallllona
recoveries ooopared with $33^ ailllons
Substantial additional anounts hare been
In
aooount of downward adjustaents
prloes, eto.
of oaah
In 19'*3-
saved on
oontraot
The Current Tax Payaent Act of 19U3 beoaae
several
Introducing
July 1,
effective
19'*3,
changes relating to the oollectlon and payment of
Individual Inooae taxes. The Act provides for the
oolleotlon at the source of Income taxes on salaUnder regulations Issued by the
ries and wages.
Treasury, the major proportion of the aoouaulated
funds are deposited monthly by employers In certain designated depositary banks, against which
the depositaries Issue their receipts to the emreceipts are transmitted with
ployers.
These
quarterly tax returns filed with Collectors of
Amounts deposited In the deInternal Revenue.
positaries are promptly realtted to the Federal
Reserve Banks for oredlt In the Treasurer's aothese funds
This procedure has made
oount.
available to the Treasury on a more current
basis, as compared with the previous aethod of
quarterly tax payments, as Indicated by the following table on Individual and corporate Inooa*
and profits taxes.
Incoaa and profits taxes
Total,
fiscal year
191*3
Fiscal year
Withheld
Other
July
August.
September.
273
155
2,126
19
1,236
1,016
57'*
'*.091
October.
November.
December.
206
199
1.972
557
1,010
713
'*.327
January.
February.
March
306
38O
.
.
.
'^.732
13,630 Billions; the Marltlas Coaalsslon,
$1,036 millions; the War Shipping Administration,
$817 ailllons; the Treasury Department, principally for the Lend-Leaae prograa of the Prooureaent Division, t231 millions; and the Department
of Agriculture, mainly the Lend-Lease food proThere were small offsetting
graa, I132 millions.
decreases under Federal Security and National
Housing Agencies, Indicating that these agencies
probably have passed the peaks of their war programs.
ment,
excluding revolving
General expenditures,
funds and transfers to trust accounts. Increased
$393 millions In the fiscal year Just ended over
those aade In the preceding year.
However, excluding Interest on the public debt, which Increased $801 ailllons; and refunds of taxes and
duties, which Increased $188 millions, all other
categories of general expenditures combined reflect a net reduction of $396 ailllons.
The $267 ailllons paid out in 1944 as refunds of taxes and duties reflects the effects of
the provisions of the new tax law under which individuals who overestimated thsir inoome tax payAlso, this amount
ments receive cash refunds.
includes refunds of $134 millions in the fora of
excess profits tax refund bonds, which are not
redeemable until after the war.
19it4
(In ailllons of dollars)
.
Hal let in
Iks
1.153
1.137
750
610
5.161
April
May
June
1,000
560
9IK)
i.ioiv
1.915
1,063
3.803
7'*6
'».'»95
Total
l6,09U^
8.393
26,262
The current withholding of taxea Is not only
beneficial to the turpayer but results In substantial savings to the Oovernment inasmuch as
the
the amount borrowed by the Treasury during
Interim between quarterly dates may be reduced
because of the earlier receipt of the taxes.
Rxpendltures
The continued acceleration of the war program accounted for an Increase In budgetary expenditures for war activities of Ili+.gSO ailllons
over the preceding fiscal year as shown In
Table 1.
Expenditures of all major war agencies
Increased,
the
Var Department accounting for
t6,983 ailllons of the Increase; the Navy Depart-
The curtailment of certain non-war activities was reflected in reduced expenditures of a
Under the Department of
number of agencies.
Agriculture, for example, expenditures were $61
millions less than in the preceding year. The
Federal Works Agency expenditures declined by
$308 Billions, the major portion of which was accounted for by the termination of the Work Projects Administration.
Also,
the Public Roads
Adainlstration expenditures were reduced by $21
millions.
The Public Works Administration spent
$9 millions leas than last year, while on the
other hand expenditures of the Public Buildings
Adainlstration increased $4 Billions.
'
Further reductions in the general expenditures of the Oovernment during the fiscal year
Reoleuiation
1944 were accounted for as follows:
The Panama Canal,
projects, $15 Billions;
$19
Billions; river and harbor work and flood control,
$24 ailllons; the Tennessee Valley Authority, $46
millions; and the net decrease of $44 ailllons
under the caption 'Post Office Department (deficiency)*, was due to a net repajrment of $29 Billions during the fiscal year 1944, on aooount of
grsjits made in prior years, as ooapared with a
net expenditure of $13 ailllons for the fiscal
year 1943.
In view of the fact that most Oovernment
agencies have aseumed additional activities as a
result of the war effort, expenditures classified
as 'Departmental' were Increased by $61 ailllons
The expenditures of
in 1944 over those for I943.
the Veterans' Adainistration increased $37 ail-
lions.
Certain Oovernment corporations
and
credit
.. .
.
3
:
September 1944
A-
agencies which do not operate on funds received
from appropriations maintain checking accounts
Net exwith the Treasurer of the United States.
penditures In these accounts amounted to $'t-,lt03
millions, as compared with ^S.ig** millions for
In
the
Net redemptions
the fiscal year IS^}.
market of obligations for these Government agencies during IShh amounted to $2,87'+ millions and
other transactions anounted to $1,529 mllllona.
Table 2 shows the trend of Government exnoted
It will be
penditures In recent years.
that substantial reductions have been made In
expenditures for activities other than those for
"war activities" and for Interest on the public
Table 3 shows In greater detail the exdebt.
penditures classified as "All other".
The monthly trend of defense and war expenditures from appropriated funds, and net expenditures for war activities by the Reconstruction
Finance Corporation and Its subsidiaries, during
the fiscal years igl+l to IS^^ are shown in the
following table:
Fiscal years
19I+I
19U-3
194-2
13HM-
(In mllMLons of dollars)
From appropriated funds
July.
August.
September.
.
.
199
223
214-1
969
1,131
1,330
6,1+32
U-,8S4-
5,38'+
7,232
6,952
1,1+81
i,0'+2
6,989
%5
l,S5Qi/ 5,825
6,71s
January.
February.
March.
5S9
510
769
2,10l+
6,7'+'+
7,138
7,51s
7,726
April.
May.
June.
7S2
S57
S32
3,23s
3,560
3,829
6,97'+
7,3'+6
7,092
7,879
7.567
October.
November.
December.
311
393
.
.
.
.
Total,
2,208
2,809
7, 1+69
fiscal years 6,301 26,011 72,109 87,039
By RFC and subsidiaries
Total,
fiscal years
Grand total, fiscal
years
1/
Month
of
35"+
2.255
3.
189
2,682
June 30,
as compared with 1,979^ on
For Information on the computed rate of
Interest for earlier years, see page 27.
30,
19'+'+,
19I+3.
Table 1+ shows the public debt outstanding as
of June 30, 191+3 and 191+4, classified by character
of Issues, as between public Issues and special
Issues for account of Government agencies and
The amount of outstanding public
trust funds.
Issues Increased $60,891 millions during the year,
A
and special Issues Increased $3,1+16 millions.
more detailed classification of the public debt
may be found In the statistical section of this
Bulletin; data for the fiscal years 1935 through
19I+4 and for the months July 191+3 through July
19I+I+ appear on pages 23-26.
Under the Public Debt Act of 191+1+, approved
June 9, I9I+I+, the limitation on the general borrowing power under the Second Liberty Bond Act,
as amended, was Increased from $210 billions to
As of June 30, 191+^, the unused
J260 billions.
borrowing authorization under the limitation was
Further details may be found In
$52 billions.
the July 19l+l+-Augu8t I9I+4 Issue of the "Treasury
Bulletin", page 28.
Guaranteed Debt
Federal
The contingent liabilities of the
account of outstanding market
Government
on
Issues of obligations of Government corporations
and credit agencies, guaranteed as to principal
and Interest, decreased from $l+,100 millions on
on June 30,
to $1,623 millions
June 30, 19I+3,
I9I+I+, a decrease
This deof $2,1+77 millions.
crease is largely due to the continuation of the
policy announced in October 19'+1| under which the
funds needed by Government corporations are provided by the Treasury in lieu of having such corporations sell their obligations in the market.
During the year, the securitiee of Government
corporations and credit agencies held directly by
the Treasury increased from $7,535 millions to
$10,717 millions-, an increase of $3,182 millions.
A statement of guaranteed obligations outstanding as of June 30, I9I+3 and 19I+I+ appears in
Additional information may be found on
Table 5.
pages 2I+, 25, and 27.
6,655 28,266 75,29s 89,721
united States entry
into
the
war, December
191*1.
Public Debt
gross public debt on June 30, 19'+'+,
The
amounted to $201 billions, as compared with $137
billions on Juna 30, 19'+3, an Increase of $61+
Of the Increase In the public debt
billions.
$10.7 billions represents an Increase In the General Fund balance largely as a result of the
Fifth War Loan drive which ran from June 12
through July 8 and was In progress at the end of
Loans and Investments
The Government's interest In the net assets
(excluding cash on deposit with the Treasurer of
the United States) represented by loans, other
investments and properties of Government corporations and credit agencies amounted to $21,365
millions as of June 30, 19'+'+, as compared with
$ll+, 1+09 millions
as of June 30, 191+3. a net inFor a
crease of $6,955 millions during the year.
statement of the assets and liabilities of Government corporations and credit agencies as of
June 30, 191+1+, see pages 63-6I+.
the fiscal year.
Treasury Financing Operations
computed rate of Interest on the total
Interest-bearing public debt was 1.929'?o on June
During the fiscal year 19l+l+> public Issues
for cash and for exchanges of Treasury bills (net
The
.
A-U
oertlfloatee of Indebtedneea,
Increase only),
Treasury notes, Treasury bonds and United States
savings bonds (including discount accrued during
the year) aggregated $90,870 ollllone as ooopared
with 171,721 llllons during 19'*3 •• follows:
Fiscal
year
19'»3
riscal
year
I9U4
(In ailllona
of dollars)
Treasury bills (not Increase)..
Certificates of Indebtednesa.
Treasury notes
Treasury notes (tax and saTlngs
9.3IW
18,067
series)
Treasury bonds
United States savings bonda....
8.759
19,890
11.916
AM
Total
71.721
90,870
.
3.7'*9
2,S62
28,822
9,868
15.721
For every dlreot Treasury aarketable secuexcept Treasury bills and two Issues of
Treasury notes, and for four out of elx Issues of
guaranteed obligations called or maturing during
the fiscal year 19'*-'*, new Treasury Issues were
offered to the holders thereof. Of the $22,691
millions called or maturing securities eligible
for exchange, $20,73'4- millions were exchanged for
or
leaving only $1,957 millions,
new Issues,
Tor information
8-2/3J(, to be redeemed In cash.
on the disposition of each of the called or
maturing securities, see page 32.
rity,
Included in the above total was the most
extensive exchange operation in the history of
seven
On March I5, ig**^,
Treasury financing.
separate Treasury and guaranteed Issues becoming
due or callable between March 15 and June I5,
I9U4 were refunded In a single large-scale operaFor these securities, which were outstandtion.
ing In the amount of $'•,730 millions, three TreasIn this one
ury Issues were offered in exchange.
operation, 83^ of the old securities were exchanged for the new Issues. For additional Information on this refunding operation, see page 32.
The Treasury and guaranteed obligations redeemed In cash at maturity during the fiscal year
I9U4 were as follows:
Treasury Bulletin
5
.
)
.
A-
September 1944
Savings Bonds
United States savings bonds, by their express terms, may be redeemed at the option of the
owner, at certain fixed times after the date of
Although emergency needs have caused many
Issue.
purchasers to take advantage of this provision,
In view of the tremendous Increase In sales. It
Is encouraging to know that as of June 30, 19^-,
90% of all series sold were still In the hands of
the original owners, only 10% of the total amount
The largest dollar
Issued having been redeemed.
amount of redemptions has been In the Series E
Sales of Series E bonds (Including accrued
bond.
May 1, 19't-l.
from their beginning,
discount)
through June 30, 1944, totaled $23,973 mllllonB
The
and redemptions amounted to $2,849 millions.
grand total of all United States savings bonds
such
of
Issued and redeemed and the percent
redemptions by series and year of Issue are summarized In Table 6. For further Information on
sales and redemptions of savings bonds, see pages
Payroll savings plans continued to account
for a large volume of sales of savings bonds.
Inoludlng
The number of persons participating,
those In the armed forces, and the total allotment from their pay have Increased during the
past three years as shown In the following table.
For a monthly record of participation in payroll
savings plans, see page 4o.
August
June
June
191*2
I9I+3
19
ticipating at end of
month (In millions)...
13A
26.8
Allotments from pay during month (In millions
of dollars)
230
1U5
Percent of participants'
pay deducted
7.1%
9.0%
W
Nuciber of pereons par-
27.6
51OP
35-39.
lO.l^p
Frelimlnary
Table 1.- Budgetary Receipts and Expenditures, Fiscal Years 1943 and 1944
(In millions of dollars)
191*3
ReoelptB!
Internal revenue:
Income and profits taxes:
Withheld by employers (Current
Tax Payment Aot of 19'^J)
16, 09"*
Other
4,553
MlBoellaneous Internal revenue
1,289
Social security taxes
Taxes upon carriers and their em209
ployees
Railroad unemployment Insurance oon10
trlbutlone
32"*
Customs
906
Miscellaneous receipts
23,385
Total receipts
Less:
Amounts transferred to Federal
Old-Age and Survivors Insurance
Trust Fund
Net receipts
1,103
22,282
19144
JExpenditures (continued);
War aotlvltlee:
War Department
Navy Department
+8,393
8,393
26,262
5,291
10, 168
1,1*72
+738
183
267
58
12
2
1*31
107
3,280
2,374
1*5, 1*08
22,023
1,260
157
l*J*,ll*9
21,867
Expenditures:
Oeneral:
Departmental (not otherwise classified)
Agriculture Department:
War Food Administration
Other
Federal Security Agency:
Social Security Board
Other
Federal Works Agency;
Work Projects Administration
Other
Interior Department;
Reclamation projects
National Housing Agency
Panama Oanal
Post Office Department (deficiency)
Railroad Retirement Board
River and harbor work and flood
control
Tennessee Valley Authority
Treasury Department:
Interest on the public debt
Refunds of taxes and duties
Veterans' Administration
Total general expendlturee
732
793
810
%
12lt-
Increafie(+)
Increase (+)
Decrease (-)
61
22
-83
1*88
ll*
98
88
-10
299
i49
17
123
-282
-26
5"*
-15
Agriculture Department
Federal Security Agency
Federal Works Agency
National Houelng Agency
Treasury Department
United States Maritime Commission.
War Shipping Administration
Aid to China
Other
Total war activities expenditures,
15
12
i
%
1,808
2,609
79
572
267
629
5,595
6,188
-21*
-1*6
V
801
188
57
593
1*2,317
1*9,302
20,888
2,011
26,538
2,i43
133
228
153
215
608
1,201
2,776
1,105
539
1,432
5,812
1,922
ito
795
72,109
991
71
-3
Transfere to truet accounts, etc.:
Agricultural Marketing Administration (surplus commodity
s tamps
Federal contribution to District
of Columbia (United States
share)
Government employees' retirement
funds (United States share)
National service life insurance
fund
Railroad retirement account
Railroad unemployment Insurance
administration fund transfers
to unemployment truet fund
191*0)
Total transfers to trust aooounte,
etc
-2
201
111
191*1*
Revolving funds (net):
Farm Credit Admlnletratlon.
Public Works Administration.
Total revolving funds (net).
(Act Oct. 10,
69
15
31
15
8
191*3
Total expenditures (excluding public
debt retirements)
6
6
107
177
30
101
263
215
6.
1*35
Decrease{-)
6
A-
Treasury Bulletin
Table 2.- Total Budgetary Expenditures and Net Outlays of Government Corporations,
Fiscal Years 1030-1044
(In allllon* of dollarf)
ri«oal r**r
7
September 1944
A-
Table 4.- Statement of the Public Debt Outstanding June 30, 1943 and 1944
(In millions of dollars)
June JO,
19'^3
Public iBBues:
Interest-bearing debt:
Marketable lesues:
Treasury bills
Certlfioates of Indebtedness
Treasury notes
Treasury bonds
Postal savings and other bonds
ll,S6l^
16,561
9,168
57,520
196
Total marketable Issues
Non-marketable Issues:
U. S. savings bonds
Treasury notes - tax and savings series.
Adjusted service bonds
Depositary bonds
Total non-marketable Issues
Total Interest-bearing public lesues
Matured debt on which Interest has ceased
Debt bearing no Interest
Total public Issues
Special Issues
Total public debt outstanding
Table
5.-
June 30,
1944
14,774
28,822
79,244
196
Change during
fiscal year
1944
2,870
12,261
8,237
21,724
95.710
l4o,4oi
+45,091
21,256
7,1^5
222
226
}4,6o6
9,557
217
474
13,750
2,062
29,200
44,855
+15,655
124, 509
185,256
+60,747
141
201
+60
1,175
1,259
84
125,825
186,716
60,891
10,871
14,287
176,696
201,003
Statement of ObllgationB Guaranteed by the United States
Outstanding June 30, 1943 and 1944
(In millions of dollars)
June 30,
24a
3,
"US
+64,307
Trcasurii Bulletin
A-8
Table 6.- United States SavlnRa Bonds Issued and Redeented Through
June 30. 1044
k» of June 30, 19lt4
Aaount
liiutd 1/
Aaount
Aaount
Percent redeeaed
outstsMlngZ/ of aaount Issued
(In allllone of dollars)
aerlee A-D:
Series A-1935
Series B-I936
Serlee C-1937
Series C-l<>38
Series 0-1939
Series D-iqlio
Series D-19'H
Sk6
1*32
91*9
1,130
Total Serlee A-0
Series I;
Series
Series
Series
Series
".JSJ
4o6
488
800
III]
758
3.625
17.29
27.24
26.16
15.60
12.39
9.03
6,?97
in
E-19'k3
io,>te8
5,875
1.522
248
1,241
5.351
8,906
5.627
9.68
15.02
14.60
4.22
23.973
2,849
21,125
11.88
1,514
77
l.'*37
5.09
4.13
8.07
E-19'W
Serlee T and
Series T
Series F
Series T
Serlee T
0!
and O-igUl
and 0-19U2
and 0-19M
and 0-1944
m
3.1'*9
Total Series T and
Total all serlss
?/
179
I-lflM
t-19U2
Total Series I
1/
67
iij
128
118
148
l4o
44
2
3,019
3.260
2,l4l
10.135
278
9.857
2.74
38.492
3.885
34,606
10.09
.09
Inoludas aoozMal of rsdeaptlon valuss.
Ourrsnt rsdeaptlon value.
Treasury Market Financing:
Refunding of Certificates and Treasury Notes
On August 2^, 19**^. the Treasury announced
exchange offerings for the Issue of certificates
of Indebtedness due September 1, and for the two
Treasury note Issues maturing September I5.
Subscription books for these exchanges opened on
August 24, and closed August 26.
The maturing certificate Issue, outstanding
in the amount of lU-, 122 millions, was one of the
securities issued in the Third War Loan. Holders
were offered new 7/81t, one-year oertlfloatee of
Indebtedness to be dated September 1, X3^^, and
maturing September
1,
19'*5-
The two Treasury notes maturing September 15
oonelst of the taxable 3/'*^ Issue, outstanding In
the amount of $635 millions, and the wholly taxexempt lis Issue, outstanding In the amount of
$283 millions.
Holders of both note Issues were offered the
opportunity to exchange for an additional Issue
of the lit taxable Treasury notes due March I5,
19'*6,
originally issued on November 1, I9UI. A
total of I503 millions of these notes are already
outstanding.
Exchanges will be made par for par
as of September I5.
September 1944
SUMMARY
OF
FISCAL
STATISTICS
.
Ireasut y Bullet in
Budgetary Receipts and Expenditures
(U llllou
of asllari)
Flrtt aoBth,
tUcml jrawi
19><3
Cosplat* riaoal jmnm,
to 19I1;
19^3
19Uk
l>tlaM*il
/letual
Chau*
Ijltl to 19lt;
Cbaac*
1/
19U5
&el<ul
to
to
I9U5
I9it;
19111
19W3
JLatul
to
I9i<3
19^5
19>t>'
19ltU
•ttlaat»4
19U5 1/
ft«tu*l
19UI1
t*e«lptt:
IntornAl roTsaaoi
t&coo* and profit* taxoa 2/
Eapl 07««Dt t&z««
MlicollAOaou* IntoniAl roTsnu }/
Hi
1.255
l.2'i7
3,'»70
7.960
53
M
56
6
925
1.186
>tl£
5X2
6(1
170
2,967
3.8i»7
33
2«
-5
392
J«9
199
-1
515
286
?l«
3.292
3,655
2,376
563
*ieu
8,269
13.668
23.385
><5,>K«
U7.2M
»22.02U
1.838
Cnitoat
Otbor rccolptt U/
Total rvcolpta
Aaounto traotforrod to Tadaral Old-i^
and SurrlToro Inauraoea Trust TUnd ^.
Mot raealpto.
Ixoaodlturaa:
21
201
79it
l,(M
3". 655
3>«.6U6
*18.j6l
-9
1.739
2.069
*2ill
330
"•.553
5.291
6.SII1
738
1.223
32'«
"•31
362
107
-69
l6,09>i
"•7
Ul
U9
*9
661
869
1.103
1.260
i.W
ilSI
7t7
2.007
2.163
155
7.607
12.799
22,282
itU,iit9
us. 663
21.867
l,51'»
2,«£l
3.soe
3.928
*120
3.678
l't,070
"•2,265
U9,2t»2
'•7.900
1.898
2.591
693
2.313
$80
£0.888
26,538
28.500
6,977
5,6U9
-1,3U2
1.103
3.362
8.955
11,259
12.500
2,303
26,011
72.109
87,039
88,900
l'».930
1.861
955
?HL
6/
»ar aotinttaa:
tfar
Dapartaoat
tmrj Sap^tasnt
Ml
•'oUaaaouf var aotlrltlaa.
53U
6.U32
Total war aotlTltlat.
Tatarani'
Malnlitratloa 2/
Pablte Korka </
Aid to acrleult-ir« 3/
Social Saeurltr profraa 10/
work Projaota Adalalatratloa
ClTlllaa CoaaarratloD Corps
_726_
y/
Intarast on ths public dsbt
Tot«] axpaadlturas 6/.
(at bodcatanr dsflolt 6/.
'09:
•
1/
2/
^
}•/
^
6/
2/
6.301
106
563
556
602
730
1.285
127
33
738
680
5'*3
"•33
U22
-110
-11
-»
937
1.225
1,163
909
61«9
-251.
-260
38
588
659
735
803
soe
97011/
299
17
18
•
93
70
62
'92
220
258
SU
U
l,37'»ll/
163
257
7
«68
5
-282
-17
-18
UU
txoaaa profits tax rafund bonds 12/.
Otbar
769
1,962
33
52
5t
',o_
682
7.201
8,
700
13'»
566
176
2U0
319
79
8Ul
873
901
1.070
1.890
*168
*«20
35
6t
86
*18
1.111
1.260
1.808
"2,609
3.750
«801
l.lUl
5,160
7,112
7U
32.397
78.179
93."^
98.1m*
15.565
4J>.660
'•.''13
5.105
5.103
19.598
55.897
U9.59S
52.7U1
.6.J0)
3.1U6
'997
5.9''7
Dallf Trsa«ur7 Stataaants, ^xespt a. notad.
Uis tban 1^3.000.
Baaad upon Bud^at sstlaatss rarlssd as of Aiifust 1, I9UU
Includos unjust anrl«baaot tax sad rlctor/ tax.
Baflnnlnc Jnlj 19'*3.
laolndas oollaotlon* of taxas vlthhald bj aaplo/ars undar tba Currant
^^ datalla saa followlnf obaptar on SaTax Pf^aant Act of 19'*3.
catpts and txpandlturas and Appropriations. Tabls 2.
lacladss chlsfl/ alcoholic bsTsra^ taxss, tobacco taxts, aaaufaoturars' and rotallors' sicls* taxas, and sstats taxss.
loel'^as daposlts rsrultln^ froa th* rsnsfotlatlon of war contracts.
Inforaatlon 00 ths aaoont of ouch daposlts Is not aval labia on tha
basis of Dall/ Treasury Stataaants.
On tb* basis of coTarl'^ warrants. S4Cb daposlts totalad 1558 alllloaa Airln< tha fiscal /aar
I9U3 and la aioass of 12.000 Billions (kirln< tbs fiscal raar 19U>t.
Bud<at sstlaatss of such dap^islts for ths flsoal /aar I9U5 ara 11.212
allllons.
for sxplsnatloa. aas tablss In naxt oh^tsr on Soolal Sacurlt/ pro(rsB.
txcludss sxpsn-Ht'-iras for public dsbt rstlrsasnts wnloh ara charcaabla to tha slnklac fund. ate. undar spaclal provisions of lar.
laelndoB axpaadlturas olaaslflad aa transfars to trust aoeounts, stc.
m:>h
12.
for th« A<lju»t«d Ssrvlcc Cartlflcat*
Lift I&suranca TvnA.
r\»ni
SvrrlM
«ad th« Vftt^ouil
*MMle Works tmaaettoiw ela«tlfl«d
aa RvtoItIqc lh>nA%
5/
Incl-jd»t
2/
to acrlcultura traaaactloaa cl&atlflad »• Bavolrlitc
(aat): axpaadtturai of th« Dapwt^ant of A^lculiura claatlflad
DapATtM&tftl la tha D«l I j Trauury StataMct; aad Cffica of
Dlatrl^tlOD traDtaetloni claaalflad *a tranafara to trutt accntnta,
ate.
Includaa arpandltura' clAatlflad aa tranaftr* Xc truat account, ate.
for tha R&llroad Batlraaant iU:couBt and tha Rai Lro&d 'Jbaaplo7«ant
Inaurnco Adslrlatratlon fund. Kxeludat axpandlturaa nada h/ Offlea
for toarc«aG7 HmB%^tmmnX, Var MaLnpovar Co«Bit«ion (U- 9. &q>lojnMBt
Samoa) undar aulhorltjr of tha Social Socurlty Act.
tnoludaa Itatlon&l Toath Adalnlatratloa.
tepratODtt traaafara to publlo dabt accounta for axoaat ;rofltt tax
rafUDd booda.
(a«t),
laeluda*
rtinda
10/
Md
M
Includaa dap«rtBaDt&l atpacdlturat not othanrlaa olaatlflad and arpaodlturaa olaialflad as t.«nifari to truat accounta. ate
for Oot.
amaant aaplo/ta ratlraaant and Inauranoa funda.
September 1944
loiDiic Uebt and Guaranteed Obligations Outstanding
(In mlllloni of dollars)
Treasury Bulletin
AND EXPENDITURES
AND
APPRO PRI AT IONS
RECEIPTS
.
.. ...
.
September 1944
Budgetary Receipts and Expenditures
Table 1.- Summary by Major Classifications
(In nllllona of dollars)
Bocalpta
Expendltorea 1/
Leas net aaonnts
transferred to
Tederal 01d-A«e
Het
and Surrlrors
receipts
Insurance Trust
Oroit receipt*
Fiscal year
or nonth
Total
receipts
Interaal
revenue
Other
receipts
Caetoae
Total
expenditures
actlTltlei
tf&r
Oaneral
i!/
BeTolrlng
funds
(net)
6/
fond 3/
3.800
U.II6
5.29U
6,sk2
5.66g
5.9a5
8.269
lj.66g
23.385
1*5, U0«
19351936.
1937.
1938.
1939.
19MO.
igiii.
19't2-
19U3.
19UU.
19U3-JU17
Au£uet
September.
. .
.
October.
November
Decoaber
.
.
.
igW-Jmnuary...
Tebmary.
Marcb
'•.597
5.67U
5.161
5.303
7.362
12.993
22.11W
in,6«5
2,048
3,005
5,
3U3
387
U86
359
319
3U9
392
389
32U
131
3.278
3.513
WW
1,815
2,602
5,160
179
216
210
208
188
273 2/
515 2/
286 2/
Ul
28U
2,007
2,721
5,1*1*7
7.112
7.617
7.535
337
365
583
6.432
7.232
6.952
2.030
2.099
5.736
7.456
7.839
7.452
438
304
740
6,989
7,541
6,718
-7
-8
-8
36
2.7't7
400
342
795
.138
.518
.726
-6
-3
37
2.503
6,573
7.570
7.862
8.525
7.859
8,292
8,625
479
387
1,018
.346
.879
-6
2
3.087
2,950
6,247
7.567
4o
4,772
5.342
2,378
"9
2,163
8,110
458
7,201
451
5,947
1.813
2,115
38
218
221
39
271
5,l48lt
3't
220
1
2,779
2. 754
6,576
2,188
ito
2,lt61t
35
U2
551
255
181
32
250
2
11.5
32
306
April.
Hey...
Jane.
6,2it9
3,02't
5.73't
July..
2,212
1.985
3.119
3.256
2.935
39
38
5/
28
195
Ug6
28
199
A
Dall7 Treasury Statemente.
Lese than $500,000.
Excludes anounts for public debt retirement vfalch are chargeable to
the tinging fund, etc. under epeeial proTlalons of lav.
For further details, see Table 2.
Tor explanation see tables which follow on the Social Security program.
7or further details, see Table 3For further details, see Table 4.
Tot further details, see Table 5. Also see footnotes
and 4/.
Tot&l expenditures less net receipts.
Hepresenta expenditures for public debt retirements which are chargeable to the slnUng fxind, etc. under special proTislons of law.
iBclndms recorerles of U. S. InTestments in capital ftude, Sooh re-
,
10/
11/
^
5.900
5.935
6.437
5.864
7.221
7.055
6,215 10/
5.986
5.595
6,188
.
689
900
929
1,029
1,206
1.657
6,301
26,011
72.109
87.039
3U5
11
204
121
92
-136 10/
18
40
76
1,820
608
?25
187
232
331
381
-39
435
556
-1
344
5
15
-2
2
-3
menta
6/
201
36U
257
2,069
2.370
5.737
6.353
1/
661
869
1,103
1,260
3,292 n,
31
debt
retlr»-
7.010
8,666
8,177
7.239
8.707
8,998
12,711
32,397
78,17?
93.7tU
265
387
503
Public
Het
budgetary
deficit
800
U.II6
5.029
5.855
5,165
5.387
7.607
12.799
22.282
1U9
3.
9162/ uy
33
39
Transfers
to trust
accounts,
etc
2
2
5
7
40
26
3.209
4.550
1.149
1.384
3.542
3.611
5.103
19.598
55.897
49.595
574
U03
io4
65
58
129
64
95
3
5.105
4.896
2,087
5.426
5.740
1.716
4,823
5.359
1.952
ccrerles totaled $54 millions in the fiscal year 1940; $319 millions in the fiscal year 1941; $18 millions in the fiscal year 1942;
and $10 millions In the fiscal yaar 1943.
Receipts from redactions In capital stock and paid-in surplus arallable to be reissued under existing lav are Included as negative
items under expenditures. Suoh reductions totaled $l6o millions
for general expenditures and $155 millions for revolving funds during the fiscal year 1941.
Includes deposits resulting from the renegotiation of war contracts.
Information on the amount of such deposits is not available on the
basis of Dally Treasury Statements. On the basis of covering warrants, such deposits totaled $558 millions during the fiscal year
1943 as* in excess of $2,000 millions during the fiscal ymar 1944.
Table 2.- Analysis of Receipts from Internal Revenue-^
(In
Income and
fiscal year
or month
Withheld by
employers (Current
Tax Payment
Act of 1943)
Total
8,393
19
548
674
1,236
1,016
4,091
557
1,010
713
1,727
1,747
5.911
August ....
September.
1.255
1.564
4.765
October. ..
Hovember
December.
1.813
2,115
5.484
1.303
1.459
5,o4o
~.944-Jaimary...
2,188
2,464
6,353
April.
Hay...
June.
2.935
3,024
July..
fabruary.
Hareh
ce:
•
1/
2/
2/
740
833
925
1,186
1.498
1.739
1,815
2,602
5.l60
.
Tederal Insurance
Contri'butioDe Act
(01d-a«e
Inauranee)
Other
1,099
1.427
2,163
2,640
2,189
2,125
3.470
7.960
16,094
26,262
34.655
1943-j\ily
^lojment
yofits taxes
taxes
Social security taxes
3.278
3.513
4.597
5.674
5.161
5.303
7.362
12.993
22.144
41.685
19351936.
19371938.
19391940.
1941.
1942.
1943.
1944.
lllleBs of dollsra)
1,099
1.427
2.163
2.640
2.189
2.125
3.470
7.960
16,094
^
Federal TJnemployent Tax Act
(UneDployneu't
Carrlare' Taxing
Act of 1937
(Bailroad
retireasnt)
150
109
121
1J7
170
209
267
1.657
2.010
2,181
2.279
2.232
2.345
2.967
3,847
4.553
5.291
1
512
15
46
3^
58
90
101
6o4
691
896
108
98
120
.130
.292
15s
48
310
50
44
287
3
8
3
1
746
449
4.327
46
29a
3
1
58
42
274
4
574
1,137
750
1.153
610
5,l6l
49
373
67
5.73't
2.475
2,167
5,241
560
1,104
746
1.915
1.063
4,495
1.985
1,247
594
65U
.
180
10
8
1
53
34
252
4
14
117
4
4
59
39
337
71
35
309
5
3
56
52
Dally Treasury Stateaente.
Less than $500,000.
ftor further details, see chapter on Internal Revenue Statistics.
Includes unjust enrichment tax and victory tax oollectlons pursuant
to Revenue Act of 1943.
Agricultural
ad ^st sent
taxes
insurance)
194
514
253
755
Miscellaneous
internal
revenue
14
1
1
13
65
521
77
464
363
386
412
344
375
421
520
422
681
^
Per the period prior to September 1939. the data In the columne
entitled federal Ineuraikce Contributions Act and federal unemployment Tax Act reiresent collections under Titles Till and
IX. respectively, of the Social Security Act.
..
Treasury Bulletin
Budgetary Receipts and Expenditures
-
(Continued)
Table 3.- Analysis of General Expenditures
(I«
>tlllo» sf dallari)
Dinot aad work r«ll«f
fiscal /aar
or Boalh
Total
Tataraat*
Adatalttraltaa
y u
Pablto
Work!
1/
V
JLld
to
•^leultor*
2/
!*/
Soolal
9*ourl \f
procraa
2/
i/
Work ProjAOt*
Adaloltiratloa
ad fAtloaaJ Toath
AAal<tr*tloB
r*d*r&l to«r-
ciniiu
Adalalitratloa
and ClTll Vorki
ContarTAtltm
Corp*
Iat«r«tt
OB th«
pnblle
d*bt
Ottaar
dapart-
MStal
Othar
gaaaraX
azpaatf-
lt«raa
5/
3/
Adaialatrfttloa
6/
1/
X9M
557
578
581
582
557
679
685
803
670
900
6,1U
557
553
555
572
629
890
715
669
5U5
U}U
SapUBbar.
5«3
H9
52
Octobar.
leraobar.
Dacaobar.
UJ8
19UU.JaBuai7.
Tabniarj.
March
5.900
5.955
1936
l«7
;.s0«
7.221
19J«
1939
7.055
6.215
5.986
5.595
19'K)
I9»l
19i>2
19^3
IjWi
19U}.Jul/
.
.
U9
50
51
'»3
hoc
5U2
52
52
37
795
55
U79
55
3«7
/<aa
1,018
59
60
Jnly
U58
63
iprtl
"w
i
32
25
31*
.831
930
966
988
866
29
18U
l.26)>
U95
1.896
•1
^32?
l.l>T2
2.2tlO
k
1.2J7
1.5^
392
1.006 10/
1.091
1.052
950
••57
66
65
5W
572
37U
970
299
529
17
515
2
"36
U86
326
290
283
%
18
821
283
258
223
200
191
866
926
9U1
517
l.OUl
1.111
1.260
1.808
2,609
51.6
525
^^
692
220
197
328
68
U2
15
i<6
77
55
71
59
53
33
311
87
67
55
25
U97
I?
12
15
10
87
58
lb
117
70
53
65
56
'I
86
92
99
36
100
102
t
59
33
7^?
62
5^
86
'•5
96
_L
Traavorr Stat«B«ntt.
than 1500.000.
lacludat public worki ondartakan by tha Tatarant' Xdalalatratlon.
Doai aot laeluda •zpandllaraa for (1) rarolrlnc fundt or (?) trant*
fan to tnut aecouats. ato. Tbata ar* ihown 1& Tabla 5.
tneluda* public buUlla<t. public blghwayt (lacludla< foract roadt
and trail*), rlvar and harbor vork and flood control, Tannastao Tallay Authority, Tadaral Public Houtln^ Authority (foraarly U. S.
HoubIqc Authority), raclaaatlon project* and th* Public Vorkt AdslnlatratlOD.
Izoluda* cartala axpaodltura* for public worka la coaaaotlOB vlth war actlrltla* by tha fadaral Vorka A^anoy. bacliial&C
Jul^ 19**1Coa*lit* of Para Cradlt AdAlalatratlon. Padaral Para Mortga^a Corporation, Padaral land bank*. Rural tloctrlfleatlon AdalM*tratton,
Var food Adalalatration. and Dapartnait of Acr^^ultura dapartsaatal
ai^ndltura*. (Var Pood Adalal*tratlon coa^rl*** Agricultural AdJuataaat A^aej. Pai-a Sacurlty Adalal*tratlon. Offlca of Uatrlbutloa. Soil CoasorTBtloo and ZxtaQ*loa Sarrlca, and Othar).
laelida* railroad ratlraaeot and railroad unaaploymaat aetlTltlaa
and tzclud** axp«fidUur** aada by Offlca for toarcaaqr Manac«aant,
Var Hanpovar Coaaltiloa [U. S. Xaployvaat Sarrlca) undar authority
Por furthar datall*, *aa tabla* vhicb folof Social Saourlty Act.
Da.117
Ut*
V
i/
6/
2/
8/
2/
10/
low OB tha Social Sacurlty proj^aa.
Vork Project* Adalnl*tratloa wa* forxarly Work* Pro^a** Adalalatratloa.
Baclaalnc with July I9U?, axpandltura* for th* Katlooal
Touth AdalnlstratloB ar* cla**lfl«d a* "war actlrltla* axpaadltura**
laoluda* axpandltura* of the RecoB*tructloB Plniace Corporation for
relief throu^ loiui* and ^ant* to Stat**, aunlelpalltla*. etc.
Zxcluda* •xpandlturas for the U. S. Marltlae Co^alivloa, dapartsaatal axpaodlture* under tha Social Security pro^raa and tha Dapartrvent of Apiculture departaental expenditure*.
Office of Iducatloa. and
Include* axpaadltura* for th* following:
Public Health Samee of the Padaral Security A^ncy: rafunde of
taxaa and dutla* by the Treaaury Departaeat: Post Cffloa Dapartaaat
po*tal daflelaacle*: Padaral Hou*ln< Adalnl *tratloB: Traaeury Dapartaant lnT**tBant* la Padaral *aTl3cr and loan a**oclattoa*: cartain axpaadltura* of tha panaaa Canal; and capital *tock of tha
Padaral Oapoelt lQ*uranc* Corporation. Hose Owner*' Ixian Corporation, Padaral hoaa loan b^Jc*. and Dl*a*ter Loan Corporation.
Oroes expandlturae hare ^%m^ reduced SI60 allUon* repreaeatlac t^*
repayaant of capital fund* by cartala United State* OoTarnaant
Por furthar detail* aaa *?raa«ury BuUatln* for Juaa
a^aaela*.
IS'*}. t«<» 9. foolaote 12/,
.
.
.
. .
.
..
.
September 1944
Budgetary Receipts and Expenditures
(Continued)
-
Table 4.- Analysis of Expenditure for War Activities
(In millions of dollars)
Miscellaneous war activities
Total
Navy
Depart- Depart- mlscellaaeoua
ment
ment
War
Tiacal year
or month
w£ur ac~
AgrlcTil-
Federal Federal
Security Works
Igency
Agency
ture
Department
tlvltlee
900
929
1,029
1,206
-21
-12
-6
19U0.
19U1.
1.657
6,301
26,011
72,109
87,039
892
2.313
8,580
20,888
26,538
99
310
3.362
8.955
696
2,011
19113.
11,259
2,llt3
19U3-Jul.y
Au^3 1
.
.
.
September.
6,U32
7.232
6.952
1,898
2,037
1,909
726
976
1,007
180
239
16
176
2l»
383
378
1*32
U90
667
1.678
l4,070
U2,265
Il9,2lt2
l»,219
11,036
1
uu
lA
6.989
U.ite
1.955
7.5''l
11.173
2.1311
6.7I8
3,8l*l
2.050
892
1.235
827
19UU-Januar7.
February.
March
7.136
7.518
7.726
11,170
2.082
2.757
2,281
886
969
983
3,792
C,ii6i
-12
-6
1
October.
November.
December.
99
62
111
62
153
133
215
228
115
18
2k
51
297
6O8
539
33
52
59
519
1,201
929
2,776
3,812
132
1.105
1.922
319
361
366
105
119
130
85
2911
1*02
lUa
66
216
16U
91
153
182
165
87
2I1
12
5
27
H
5
5
211
lU
25
19
6
21
lUo
9
18ll
16
188
8
18
17
16
125
127
97
5
3
ii,l6o
2,262
2,536
2.636
92ll
22ll
11
5
1.010
825
205
219
7
6
11,106
21
July.
7,201
3.928
2,591
682
56
15
111
108
108
356
3O8
386
200
UO
382
795
991
81
69
82
71
82
51
1U9
191
201
106
130
I9I*
122
36U
7
130
118
188
8
12U
90
81
Includes war expenditures of Commerce, Justice, Interior, and State
Departments: Civil Service Commission; Executive Office of the
President (including Office for Emergency Management); Panama Canal;
capital stock of Smaller War Plants Corporation; and Defense Aid
Special Tund.
Source: Dally Treasury Statements.
For monthly figures commencing July 19l*0. see "Treasury ailleBack Flffures;
tln" for May 191*3, page 7.
Includes war public housing functions.
1/
Similar Items for periods prior to fiscal year I9I1I are classified
2/
under Other departmental and Other general expenditures In Table 3-
Revolving Funds and
(1)
UU
U
7.879
7.567
Table 5.- Analysis of Expenditures for
95
118
100
7.11*6
331*
1,1*32
5
5
5
April.
May...
June.
It.
United
Other war
Nations
activiWar
Aid
Relief and
Shipties
to
Rehabilierpendping
Adnln. China
tation
itures
Admin.
i/
-21
U36
529
557
596
673
273
19351936.
19371938.
1939-
United
National Selective
Housing
Service Treasury States
A^ney Cadmlnie- Depart- Maritime
ment
Comnistratlve)
1/
Blon
(2)
Transfers to Trust Accounts, Etc.
(In millions of dollars)
Transfer! to trust aoconnte. ato.
Revolvlac funds (net) 1/
Fiscal year
or month
1935 ••
1936.
1937-.
1938..
1939..
Aid to
agrloulture
Public
works
2/
i/
31*5
11*1
11
-33
-18
-13
-g
20l*
121
92
19UO..
51*
191*1..
19I12..
-136
IB
Ul*
221
Ijl*
101
7
191*3 ..
1*0
1*1
191*1*..
-39
-38
August.
September.
October.
November.
December.
.
.
.
igUU-Januaiy..
Psbruary.
March
April.
May...
June.
.
.
•
1/
2/
V
t/
~
5/
59
23
11
-1
-1
76
1,820
608
225
187
232
331
381
1*35
556
3I1U
5
-2
15
2
-7
-8
-8
36
2
2
5
-6
-3
-3
emplOTeaB*
ratirement
foude
(U. S. abare)
Aid to
acrlculttire
6/
Paderal
contribution to
District of
Colnabim
(U.
S.
ahart)
21
50
1.773
557
1*1
1*7
10
1
30
101
1U6
107
73
75
121
132
1U5
221
S7U
87
93
103
107
177
126
71
-3
161
12
177
-1
18
91
3"*
37
3
1
5
5
7
7
1*0
6
26
-1
26
UO
-1
1*51
ItU
Dally Treasury Statements.
Less than $500,000.
Additional transactions on Aid to agriculture and Public works are
shown In Table 3.
Fanr Credit Administration.
Public Works Administration.
Comprises Adjusted Service Certlfl-ate Jfund and the National Service
Life Insurance Fund, administered by the Veterans' Administration.
Includes railroad retirement and railroad unemployment activities.
^
^
-1
-6
July..
ce:
tratlon
-5
19l*3-July
Social
Security
ppogran
AdjDlnls-
y
201*
-6
-159 1/
Oovemaent
Veteraae*
31*
35
ito
205
6/
2/
197
Tor further explanations see tables which follow on Social Security
program.
Office of Distribution (formerly Agricultural Marketing Ailmlnlstratlon) - surplus commodity stamps.
Oross expenditures have been reduced $155 millions representing the
repaynent of capital funds by certain United States Oovemaent
agencies.
For details see footnotes to Table 1.
.
Treastirit
Budgetary Itecelpta and Expend! turea
-
Hal let in
(Continued)
Table 0.- Totala by Hontha, Beginning wltb 1035
(U >llllcu
jaa.
Nt.
A«r.
•«
193»1937.
22a
239
I93i-
«9*
271
315
3*0
57«
7M
2.7'»7
fUj
Iter
601
2>t«
nt
TV
967
256
290
k9t
529
S2«
373
77"»
799
5*1
75«
955
2.503
lm«.
Utx
Oct.
t»o.
«•»•!
tattatwjr ranlpti l/
230
21k
1935
sf dsllva)
3.5»'7
5.2o6
6.573
T
1.276
i.wo
t.569
6.2*7
2.950
2,"»92
*21
^7
235
272
292
**9
67i
676
331
2?
7U
*13
7*7
2.007
2.163
397
5»7
2,721
1.135
2.527
*2*
57*
517
570
$76
632
706
718
7*1
759
1.529
5.215
7.617
1,87*
5.931
7.535
-U5
273
*0
z
5.'»*7
300
?79
333
25*
?33
U3*
517
3. •57
362
672
521
7*0
5.690
*.9ii
5.83*
2.099
1,212
2.701
5.736
l6,*0J
3*. 55*
1S!5
60T
2.030
*.3r2
5.79*
•DdC**!"? •zp«Btlt«r«i 2/
19351935.
1937.
*82
521
539
I93t.
1939.
19*0.
*92
656
712
*7*
612
19*1.
19*2.
1,111
2,628
6,372
7.570
1.075
2.629
6,119
*80
5*6
66«
7.8&
570
636
766
599
631
695
m
51*
693
2.*27
1.253
705
631
730
783
566
930
820
822
1.399
3.*2l
7.35*
8.529
1.315
3.753
7.*66
7.859
1,1*1
3.953
7,*35
8,292
Mt
279
293
300
1935
193*.
1937.
193«.
i|8:
262
316
-IS
198
585
398
166
-212
132
22
771
53*
1.871
5.16*
5.359
2.050
5.5*»
*.823
SootM:
1/
281
*30
22*
369
2*7
750
3.058
5.952
*.772
ttdlr rr*uu7 St»t<Mnti.
Tat*l r«a*l^i !••• oat aBoaat^ traxfarnd to Md*r>l
OlA-M* "^^ SorrlTori larar&ao* Trust ^ind
1.528
*.530
8.327
8.629
'^
1.598
5.160
7.112
6.682
9.2**
7.75*
830
832
1.172
8.097
8,889
9.657
1,*58
6.363
7.839
2.5*2
19.053
56.020
88.0c*
255
331
171
173
199
-188
2.825
*.S72
1.956
I
2.**7
3.967
3.823
1.329
3.799
1.716
10.20*
39.618
53.530
m
721
869
2,083
8,U0
ted«*tu7 laflett 2/
-200
2.1*7
1.952
895
887
635
607
632
7*7
3.391
*25
282
362
268
125
231
105
156
339
237
*51
*99
*87
195
*02
258
252
2.037
3.758
2.378
1.185
*.*13
5.105
5.9*7
1.133
*.628
k,896
230
1.898
K
1*9
177
65
*8
536
296
2#l
*55
1.637
3.*oh
2,087
5i7M
5.7*0
September 1944
BUDGETARY RECEIPTS AND EXPENDITURES
1940
1939
1944
1943
1942
1941
DOLLARS
DOLLARS
Billions
Billions
Net Budgetary Receipts
JMMJSNJMMJSNJMMJSNJMMJSNJMMJSNJMMJS
7
7
"T
Net Budgetary Deficit
6
Negative figures represent Net Budgetary Surplus
6
5
N
5
V
s,
4
u
J Month
Moving Average
3
4
3
2
2
I
I
i^rfffTltrfnfir-liirfirfn tHf^llll
JMMJSNJMMJ SNJMMJSNJMMJ SNJMMJSNJMMJ
1944
I
-I
I
I
I
I
I
1939
Ill
I
1940
I
I
I
III
I
I
Ill
I
1941
I
'
1942
I
I
I
I
il
I
I
I
I
I
I
I
1943
I
I
I
I
III
I
I
I
I
I
I
I
r
S
I
N
-I
.
Treasury Bulletin
10
Trust Accounts, Etc. Receipts and Expenditures
Table 1.- Trust Funds
(In allltoni of dollara)
ft
Total
trust foadt,
nat raetlpta (»)
or Bot oxpaadltoraa C-)
Hal 7Mr
or aoDtb
Vadarml Old-Ac* and
SurrlTora laanranoa
Truat foad
lacalpta
lipaadltaraa
Raeatpts
Otbar
lallroad
Ratlroaaat Acoouat
17Da«plo7«aat
Truat foad
bpaadlturaa
lat
Baoalpta
truat aceonata 1/
ll;>«dlturaa
ftacalpta
6lt
3''
193}1936-
19
11
89
IW1?M19 W-
1
1
3
9
6
J7
19kO.
19*1.
10
:il
19)12.
19<>V
«1W
19M.
19U5-Jiily
Aucuat.
Saptaakar.
.
.
46
2«7
to2
530
267
580
717
577
1)01
529
9I10
707
93»
1.190
1.363
1.185
1.357
92
ito
Ul
1
875
270
28li
-365
-289
1
lU
289
Octotar...
52
2U
lonabar.
4210
-262
256
-292
3
15
15
295
90
28
52
M
Tabruarj..
March
190
IJU
250
116
-201
-158
3
April.
120
15
32
Oaeaabar.
I9>>b. Jaauarr
.
.
ivlf.
Soureai
39
271
*2«2
-355
289
-513
)06
102
102
>t5
U9
161
l£
17
klU
12
1
-6
3
1
2^
2^
763
8J8
«57
i.ns
957
1.118
1.2UI
1.399
1.567
I.56I1
UU
l!k0U
313
-5
31
U2
3O8
56
37
31
.1
Ul
291
«3
-uo
-3
-3
^
9
-8
2
Uh
278
103
"•3
lh«
109
751
u
5
20
-2
11
123
127
1W>
221
273
161
ll>6
-ll
107
2U
JOl
2.053
858
323
3U9
Izpaadlturaa
237
2.020
«3«
327
529
217
275
35
20
57
«8
512
975
Ikl
l.»53
(«7
1.713
165
55
316
261
101
100
«7
\n
I
531
2^
28
22
116
-I16
77
^3
-11
Ilk
76
61
16U
267
U6
•19
-Ul
121
101
102
9U
135
IOC
178
275
562
35
159
35
35
3>'
'>5
286
•
1
101
8
7
-"•5
202
179
251
'•7
205
205
53
U15
117
123
125
Dally Traaaury Stataaaata.
thaa 1500.000.
Xaeli^aa QoyaraaaDt laauraaea and rttlraaant fundi, ate.
Uaa
•
1/
Table 2.- Other FUnds
(la alllloBt of dollar*)
TrttBsactloni In ch«ckloc ncoountt
of OoTonuioat acttaoloe. «to.
L
Total all
tranaactloaa
637
108
31U
20U
76«
•
19»«.
19M.
19'W.
19»'.
19UVJUI7
Aafuat. ..
laptaabar.
.
Oetobar.
Steaabar.
fabruar/.
March
April.
Mar...
Ana..
fair-
Sal^loraca oa allTor
Mtaeallaaaoua funda
aad aecouata 1/
jau
oath
193}19361937193*
1939.
iBcraaaat oa gold
laroaseo of
obllcatlooa
Otbar
trana-
•ctlona
Racalpta
Szpandlturaa
Raaalpta
bpaadituraa
at
Sacalpta
tipaadlturaa
..
September 1944
11
Moans of Financing Cash Requirements
(In
r«qalred to
Afflount
Total
WDOQnt
nteal 7«ar
or Bonth
r*qtd.r«d
to bo
financed
llllona of dollars)
Set
budgetary
deficit
y
1)6
Means of financing
fl&anotd
Vet
Increase
in General
Fond
balance
Hot
eiq)enditurea
in trust
accounts.
etc.
Het
Total
amount
financed
Increase In
public debt
decrease
in General
Tond
balance
209
550
3.209
5.390
3.1'»9
,119
1.381)
381
512
H.16H
igito
3.611
19U1
19U2
19^3
5.99't
Z3.'»6l
6U.27"*
igw
61».307
.
622
,611
,103
19.598
55.897
19.595
1U«
3.506
1,861
1.051
712
. '58
6.S15
10,662
136
1,828
2.531
11,291
912
2.231
131
1,338
290
110
11,291
6.697
5.710
2.383
5.126
5.710
1.716
1.139
132
6.697
Nuoh
1.837
12,11<
1.157
1.823
5.359
1.952
^rll
1.772
19W^.j»nn»py...
JVB»
637
1.772
5.312
2.378
ll,6li
Jolj-
7.703
5.917
1.756
ItaX
3oQTO»:
1/
Tr«anz7 fltatamanti.
Inlod*. aaeimti for pnbllo d*bt rstlr*a<Bt
2/
Qfcil7
able to tba ainklBc
lav.
fmd,
otc.
.
an
chargevadar ipaelal prorltleaa of
vfaleh
667
2.383
6.697
1,112
-281
11
173
2.205
1.8J7
12,118
1.157
1,781
12,118
1,608
1.772
613
11,637
252
1.399
11,637
7.703
7,570
5. 710
6.916
306
890
917
11.791
.
821
312
2,528
5,991
23,161
61,271
61,307
2.087
.
128
338
2,61)6
3.611
5.991
23,161
61,271
61,307
.
loT*Bb«r
Daoiabar.
5,078
710
3.275
11,291
Ootetosr.
711
1,61)8
1,l6it
635
5.710
19U3-JUIT
infiut
S«pt«i%«r.
.
3.209
5.390
3.1I9
1.381
810
etc.
2/
i/
1935
1936
193T
1938
1939
Vet
receipts
in trust
accounts,
2.66l>
55
2.
519
1.327
3.757
193
185
13J
Goaprlaoi troat aoooaata, ehacldac aoeoaata of OoTaraaaat
agOBelaa, ate, laoraaaat on gold, aalgnloraga on allTar, and
iBoraaent on gold axolndaa
alaoallanaona fwido and aocoaata.
azpandltnraa for aatlonal bank aote ratlraaaata.
k
.
.
.
S
2
6
U
U
U
3
8
Treasury Bulletin
12
Social Security Progran
Section I.- Budgetary Receipts and Expenditures
Table 1.- Social Security Act
(U llllsBi
Of dolUri)
ottpta
Orott r«o«lpta
Social S«ourlt7 tax**
or aonth
fodiral lD*uraae*
CoDtrltiutlon* Act
(01d-«c* iDaoruic*}
Total
Tu
Act
(Ona^lojBVDt Inturanot)
l»t» HMonli cr«41t*4 to
f*d«r»l 014-Ac« and
SnrTlTort Iniur&nc*
Trust fuDd
(•t
r*e«lpt*
i/
2/
I?j6
IW
51l».lt
5)0.
552:::::::::::
60U.7
690.6
895.6
1.1)0.5
1.292.1
712.2
7n.2
19*1
n't?
1.01;.
1,2«(.9
IW
19IA
l,U72.0
19iiVJ«ljr
Anffvtt ....
8«pt*ab«r.
Octobor.
.
oToobor.
teoaabar
.
U6.g
I.J.6
29*. 7
U.l
286.6
3-0
Ut.£
28U.1
U.I
1.1.5
ha.l
l^Wk-Jaaaarr. ..
rabraarj..
Naroh
iprll
Ha7
Jnaa
.2
6.0
10.9
3-9
38.9
271.0
1.1
5.7
13.1
3.8
51.1
290.2
16.2
ho.
1.1
l"t.2
2.11
U.
309.'*
12:3'
'1:1
5.1
1.1
31.7
306.0
1.7
6.7
17.7
".5
5'«.7
51.8
2.9
1.9.3
5.>'
J».U
July
126.9
lk6.7
1»5.9
212.5
283.8
5.0
10.5
33.
128.2
168.9
1,103.0
1.259.5
3W.7
CO
217.1.
17><.5
3-2
«.l
l.l
273.6
3-7
-12.8
265.0
387.0
503.0
57.8
90.1
100.9
107.5
97.7
119.9
15<.U
179.9
19><.3
60U.U
193«
35-1
tip*odltur«*
Oranti to Statat
Ualal*-
or aooth
tratlT*
•xpoa***
Unaaploj01d-ac« Aid to
aailst- dvpaadant
asoa
chlldran
28.
19361937.
112.7
332-5
.6
27.8
166.9
271.5
320.3
356.5
U15.2
M69.6
19.7
2.0
12>..8
II..3
182.2
208.8
227.6
260.1
299.1
316.9
360.6
25-5
527.2
;2*.2
15.8
20.0
21.3
25-3
31.5
31.5
33.3
32.1
99.5
52.6
32.9
2.S
2.5
2.9
56.
Sicattbar..
ik.i
2.9
2.2
2.8
53.7
58.3
21.0
19Ui-Jaaaai7...
rabrvaiT..
Naroh
9i.(
2.2
2.7
56.1
JO."
32-3
12:1
26.1.
19M.
m.
I9ta.
19*2.
I9't>-J«l7
Aao*^-
•
••
J«pt*ab»r.
Octobar.
..
loTa^ar..
i^rll.
Mar...
Jttlj.
eai
•
1/
2/
Public
Health
Sarrloi
3oolal Sacurltj Board
n*aal 7*ar
33.'»
2.8
1.91.1
k88.0
U9.8
29-7
Aid to ant eoBtha
panaatlon
blind
1.0
b.6
5.2
u
63.2
7.1
69.1.
8.0
8.5
10.3
67.3
57.0
adalalatratloD
2.1.
9
9.1
U1.9
5«.9
7.8
8.9
1.0
.9
.5
3.6
7.0
Child
walfara
•arTleat
.6
.2
2.1
1.0
l.H
1.5
1.5
2.7
3.0
Var
Maapover
CoaaliilOD
of
tazat
(U.
28.
6/
8
U.O
3.8
J.8
2.2
.3
.1
1.0
.k
.k
.2
1.1
•
253
2.8
36.1
6.1
29.2
18.2
5.2
1.0
1.2
2.1
.5
6.2
1.1
.6
9.7
2.2
"..7
•
.2
3-0
.7
1.6
3
2.2
2.0
.k
1.1.
20.7
1.3
.1
.2
.5
V
S.
u
\:l
1.6
tzeatt
of
axpandlturat
teploTBaot
Sarrtea)
!•'
6.2
11.
195.5
115.1
215.1
209.7
J22.5
357.8
3*1-3
311-7
?'•
«.7
29.0
5!.
.1
27.7
20.k
.5
.3
.2
ke.6
-ti.i
29.8
«.9
2.7
2.9
2.8
.9
.7
.2
.H
.7
29.0
5-3
5.5
2.7
5.B
to.
35.6
31."
25.1
1.0
4).6
32.3
•
.1
.1
25.9
27.8
53-1
2.1.
50.3
30.6
5.6
1.0
9.6
3-1
.1
".7.8
Ikll/ TraaanxT Btataaaota.
U** thaa 850.000.
roraarlj Tllla nil of tb* Soolal Soourtty let.
laeltiA** aaomt* aqaal
rorsarlj Tltl* II of tb* Soolal Sacarltj Act.
to ^iproprlatloa* to lailroad UoasplojaiBt Innraao* AdalBl*trmtloa
fud o^olTalaat to aaonnti of t*x*i ooll*ot*d with r**p*ct to th*
parlod froa Jaaoarr 19)6 to Jnaa 19)9. laol«*lra. froa *aplo7*rt oubS** Yabl* ) of SooJaot ta tb* lallroaA Uaa^lo/aaat laouraao* lot
tl*B I).
Prior to JaaTiarr 1, 19^. flffvra* rapraaaat asooat* traaafarrad to
tb* 01d-A<* l*MrT« kcamml.
frva Jaaoa/7 1 to Juljr 1. 19k0 'traaaf*!.** wr» Bad* to tb* r*d*ral Old-A^a and S^u-TlTor* laaoraao* Traat
tobaaqaaatlj r*c*lpt* b*T« b**a dapoaltad la th* &«a*ral foad
fvad.
of tha Traaaary aad *ppn>prl*t*d* dlraotlj to th* rad*ral Cld-Ac*
aad SorrlTor* lamraao* Trust road.
Aaouat* abowa a* traa*f*r* r*flaet dadaotloa* aad* for r*labar**a*at to tb* Aaaaral Tttad aaeoaat
ta aoTar adalalttratlTo axpao***. whlob ar* abova a* axpaadlturaa la
SMtloB II. Tabla 1.
taoludat oalf axpaadlturaa fro* approprtatloaa aftda apaetfloallj far
adalBlttratlTa axpaaaaa ralatlBC to tha Social Sacurltj Act: uaaalx.
Soolal Saorurlty Board. Dapartaant of OoBsarea. and Dapartaaot of
Labor; and adalalctratlra azpaatai ralaburtad to tha Oaoaral fuad of
tha Traaaurj undar Sactloa ?01 (f) of tha Social Saeurlty Act. aa
aaaadad.
BaclnalDC •July 1. 19I1O Inoludai alto adalalitratlva ai^n—9 UBdar tha tfacBar-Poytar Act. tielndao adalDlttratlva axp«BMa
paymblo froa otbar app roprlatloat prlaclpally for tha follovlac
acaaolaa:
Buraau of lataraal Baronoa of tha Traaaurr Dapartaaat, aad
Publlo Haalth Barrloa aad Offloa of Bduoatlea of tha fadaral laourlt7
.
(
^
1.0
3-1
Sarrleat
for
erlpplad
chlldran
RafUBda
10.7
10.9
10.8
63:0
70.3
55.1
36.3
Matarnal
and ehlM
haalth
aerrlcaa
Biarffaocj
Mana^aaant
2:J
5.5
9.'.
1.2
Ul.l
32.8
Public
haalth
vork
Offlca for
Dapartaant of Labor
.
Acm<7-
^
Oovarad by appraprlatloai try Coacrai*.
Saooad Dtflelaaoy Appropriation Adt, flteal yaar 19U. i^rorad /u»a
2^. 1938. oarrlad aa appropriation of lltO.96l.SS6 for aaklac rafuad
to oartaln Statat of portion! of fadaral aaployart' tax for 193^ ool-
laotad UBdar iha Soolal Saourltr Act
..
..
.
September 1944
13
Social Security Program
-
(Continued)
Section I.- Budgetary Receipts and Expenditures
-
(Continued)
Table 2.- Railroad Retirement Act
(In mllllonB of dollftrt)
Expendlturea
ReeelptB
7lBcal year
or month
Carriers' Taxing
Act of 1937
Total
1/
3
.3
1-5
1U9.0
110.0
123.3
128.2
1.5
2.6
2.9
2.6
3.8
7.6
s.u
2.5
19''6.
•
193719381939-
150.1
109.3
19140.
la.o
19U1.
19U2.
136.9
170.0
•3
Adninl6tratlT«
expense!
IW.5
191*3.
208. E
19W.
267.1
220.2
265-3
1.1
161.0
August
,
Septenber,
15.0
U£.a
.2
.2
.2
.3
.3
October.
HOT«mbar.
33.8
19U3-jiily
.
.
Transfers to
Railroad Betlreoent
Account (trust account)
Refunds
of
taxes
Excess of
expenditures
2/
•
3
1.2
-1.1
107.1
120.7
laU.U
.7
2.3
-8.7
-21 .6
11 M
-1.8
11*0.9
sxU.g
262.7
160.7
159.8
-lU.g
-45.9
.2
.2
33.5
32.7
-8.0
-52.5
.1
3U.0
Decflmbsr.
1.1
8.2
52.9
1914;- January..
1.2
February.
March....
It.l
.1
'•?
58.6
.2
-58.4
.2
.u
April.
Kaj...
3^
l.U
July.
•
1/
.2
.2
.2
g:
Jtiae.
ce;
M
3t.
32.9
3''.3
3>*.5
-13.2
-61..7
20U.8
205.0
Dally Treasury Stateaente.
Less than $50,000.
Includes only expenditures from appropriations made specifically for adalnlatratlTa axpenses relating to the Railroad
2/
203.6
BetlreDent Act.
COTered by appropriations from the Qeneral Tund of the
Treasury.
Table 3.- Railroad Unemployment Insurance
Act^
(In millions of dollars)
Sipendltures
Becelpta
nsMl
year
or month
Administrative expenses
(Ballroad nnemployment
Insurance Administration ?und)
Ballroad uneiployment
insurance contributions 2/
1936.
19371938.
1939-
^
.5
191*0.
191*1.
19't2-
191*3.
191*1*.
19U3-july
August ....
September.
October.
NoTenber.
December.
19l*l*-January
U.9
6.8
8.5
10.3
12.1
8.2
IU.9
.1
11.9
2.5
.2
.1
.2
.2
5.0
10.9
6.1»
.2
.2
2.7
.2
V
February.
March
.1
.3
.3
2.8
.3
April.
May...
June.
.1
.3
.3
3.5
.3
July.
• 5
5.0
}-^
2-5
2.2
3.2
.2
.2
.2
.2
.2
.2
.3
.3
.3
.3
.3
.3
.3
Transfers to Railroad
Unemployment Insurance
Account, Unemployment
Truat rtmd kj
-
Excess of
expenditures
5/
9
3
k
U
«
2
Treasury HuUeti
li^
Social Security Progran
-
(Continued)
Section II.- Statementa of Trust Accounts
^
Table 1.- Federal Old-Age and Survivors Insurance Trust Fund
(OonlatlT* froa orgaala«tloa - la llltoaa of tellart)
,
aoalpti
lad pf rucal
7«ar or aoaih
ToUl
rAcalpta
Ixpaadl iurat
Approprlatloaa bj
Coa^raaa
MBtt
Paa^aadad balaaoa
lalaburaavaat
for
adalalatratlT*
axpasaaa 2/
fatal
01d.a«a
axpaadl- baaaflt
tnraa
pajvaata
iBvaat-
larait-
Total
aata
la Oaaaral
la dtaboralac
offtoar*!
19*
193T
267.3
Kj.O
HJ«
7K.J
765.0
1.1J5.0
1.705.0
2.393.1
1.792.1
2.536.2
3.502.<
».720.7
6,116.0
il2::::::
I9ta
I9te
19>«5
191*
Jona.
JvLj.
lenroa:
vsn.i
b.la9.;
5.711.S
6.011.1
6.116.0
6.167.(
l^Wt-Nagr.
Dtall/ Traaaury
267.2
93.li
<>.26l.3
267.1
662.3
1.177.2
1.73».l
2.310.6
3.201.6
».236.«
Wi.7
6§!6
126.0
5.U16.&
5.>>0«.9
6.2
5-2
7.0
16.1
yah.t
iok.i
U0U.7
6>i9.0
526.5
5..362.1
669.6
681.7
5>'3.7
122.6
126.0
128.U
5,011.9
5.'««.9
5.396.9
327.3
16.1
57.5
2.3
17.7
Vt.i
«7.1
Ihi.l
2l(.l
301.5
5.706.3
5.711.4
5.763.1
19.3
n7.2
1.U0.3
19.3
>i7.l>
35.1
131.6
275.6
99.5
209.1
12.3
560.3
Stataaata.
•
Uii
1/
laeltrfaa Iraaaactloaa affactad nadar tba pradrcaaaor 01d.iga
thaa 150.000.
1.7W».I
2.397.
5.227.2
5..U16.U
5. '•79.1
JiMfrvm Account.
Dndar Sactlon 201 (f) of
of 1939.
2/
Um
.1
.1
113.0
1.9
u
.1
.5
10.1
20.%
21.(
22.S
2i.k
2>i.7
Social Sacvlt/ Act aaandxaata
Table 2.- Railroad Retirement Act
(CuBulatlra froa orcanliatloa - Id alllioai of dollara)
Ixpaadltarai
Raealpto
Appropriation!
hj Coo^raaa
Total
raealpta
I16
U7.?
1U«
26I4
19te
19*3
268.U
390.8
506.9
650.9
871.5
19I1I1
.lUli.l
19WuMir.-
,156.0
,ll*.l
.k52.9
19W
19>>1
Jsaa.
Baaaflt
payvanta
lavaataaata
In Oanaral
I16.6
I16
I16.6
I9S0
Intoraot on
InTO'taaott
fund
I16.6
1936
1937
195«
Sourcai
Balaaca
Paajipaadad balanea
lad of riaeal
jraar or aoatb
U.O
79.8
185.6
298.7
l.U
3.6
U
^8
85U.2
1,116.9
11.6
17.3
27.2
1,116.9
1.116.9
I.U25.7
19.1
27.2
27.2
63?.1>
In dlaburala^
off tear* • aeeovit
I16.6
1)2.6
6.0
1.6
2.3
1.8
10.5
11.7
12.8
36.6
66.2
67.2
I119.9
68.1
82.7
92.1
87.0
5>i6.1
IOI1.8
676.6
(11.0
I9U.9
333-0
7U.0
91-5
178.0
318.5
799.9
811.0
821.7
336.1
333.0
631.2
322.5
3I8.5
512.5
.2
13.2
10.8
79. "<
1:1
U.l
l.l
13.'»
•3
1.1
13.*
13.7
105.0
Dally TraaauiT Stataaaata.
thaa I5O.OOO.
Uaa
Table 3.- Unemployment Trust Fund
(Coavlatlra froa orcanltattoa - la alllloaa of dollara)
jpaadltoraa
aoalpta
«taU
wwapla/-
Stata tmaarploTaant B&llroftd
laauranea
aetlTltlaa
tall road IMaaploTaaat
laauranoa Aeoouat 1/
aaat
iaaaranca
lad of flaeal
f«ar or aaath
fatal
raaalpta
Traaofara
lallroad
«Baaplo7- Trana. froa Kailroad
Uaaaaaat
fara
ploTvaat
laauraaca froa
Bayaalta ooatrlba- 9taU! Inturaaoa
Adalalatratioaa
1/
ttaa
ItaUa
18.9
1936
1937
193«
1939
19(0
lakl
19k2
313. t
1,076.2
1.91''.3
5.a5.5
tlon
2/
^ud
iDTaitaaata
^
18.9
310.6
1,058.2
1.869.5
>apaadl-
turaa
Traoafara loaurane*
Account
to lallroad Onaadrawala
ploTaaat
lanraaoa
Baaaflt
StaUa
Accoont
oayaaata
if
6.6l(.0
•.717.3
5.935.0
27fc.3
l.in.9
7.28k.
383-7
8.077.''
7.26J.9
3^-3
181.
lavaat-
ta
y
VI tb-
la
la dia.
Oaaaral buraltfl
offl^nd
(Spaelal ear'i
Dapool tjaeeaat
Acoomt
3/
18.9
.1
Vl.2
105.6
2,857.9
3.971.9
*7^" • • •
1IS2::::-::::-
Total
aetin-
Qbaapaadad
balaaea
1.8
105.9
105.9
105.9
105.9
1?:?
2.8
18.0
Ub.8
82.6
131.5
198.9
17->t
281.
2.2''1.S 2.092.1'
29-1
377.9
2,302.1 2.152.
105.9
105.9
106.0
29-1
29.1
29.1
326.2
377.9
377.9
2.296.6 2.1>'6.9
2.'<0r.l 2.152.U
2.306.1
156.2
1.0
1.0
192.0
192.0
633.8
633-8
1.133-1 1.116.7
1.688.2 1.550.0
2.065-"' 1.918.0
I8.9
312.3
8T2.0
280.5 1.267.0
72k.9 1,710.0
28^.7 2.273.0
312.
88k.
1.8
105.9
105.9
105.9
105.9
IU.6
^:l
J3-2
156.1
372.5 I'.t67.0
878.8 15,870.0
.1
12.2
13.5
13.k
8.0
7.8
k.O
«.5
l.k
2.7
33
1.5
.3
I
i9Wi-"ir
twm
f^T
«ai
•
y
2/
^
1.110.9
•.231
7.2W.3
7.335-0
3«3.7
3*3.7
Dall/ Traa«tU7 Itataaantt.
tkaa 150.000.
BscXudaa adraoca of 81^ alUlona froa tha Traaauij aad tubiaqoaat rapigraaot, both talclac placa In tha flaoal yaar 19kO.
iapraaanta 90i of eootrlbatloaa asdar tha lAllroad ITnaaploraant
tnauranea Act; tha raaalnlM lOi la aaad for adalalitratlva aspaaaai.
(iaa iactloE I, Tabla }.)
lapraaaati aamiatt trMiafariad froa itataa to lallroad Uaaaplajr-
Uit
105.9
9
U3-8
IS:
UT.a
1.3.8
780.8 i5.77k.O
878.8 6,870.0
925.6 B. 913.0
6-5
8.J
12.k
.3
.3
.2
aant IntoraBca Aeeonot aoolTalont to i»pnat» of taxaa eollaetad. with raapact to parlod ftoa January 19^ ta Juna 1939.
IndualTa. froa aaployaao and aaplojara 1A0 eeaa vlthla tha
purrlaw of tha Kallroad Onaaployaant Iciuranca Act.
tapraaaat* axeaai fund* of tha Kallroad OnaaplOTaant laauranea
Adalnlatratton ^lnd (aadar Act of Oct. 10. \<ic).
7or railroad uaaaplojraaot banaflta and rafuada.
September 1944
15
Appropriations and Net Contract Author Izat Ions for the War Activities PrograiB-^
As of July 31, 1044
Date
approT«d
PabUo
Lav Ho.
ntl* of
Approprlatlona
act
77^^ CoD^aaa, nrat Seaeloa
Tab.
6, I9U1
»•>>. 13. 19U1
Mar.
1, 191*1
Mar. 17. 19'tl
Mar. 27. 19U1
Apr.
1, 19U1
Apr.
5. 19U1
igUi
Apr
b. igui
Mar
Max 21. 19U1
May 2U, 19U1
May 31. 19U1
iTiina 28, 19U1
Juaa 28. 19'tl
Jtuie 30. 19U1
July 1. 1941
J*ly 3. igiti
An«. 25. i9iti
Oct. 28, 19U1
?82
HOT. 19, 191a
lac. 17, 19'H
D«c. 23, IjUl
295
353
371
i
9
13
23
25
28
29
>48
71
73
88
135
136
Joint Raaolntlott («BerganQf ahlp conBtrootiOB)
Joint Eaaolntlon (clothing uid aqalpa^ - War DvpartBest)
Urgent Doflclenc/ Ipproprlatlon Aot, 194l
Toorth Suppleaental Hatlonal Defense Appropriation Act, 194l....
D>f«nae Aid Sapploaestal Appropriation Act, I9U1
riret Dsfleleno/ Appropriation Aot. I9U1
Indepandent Of fleet Approifrlatlon Aot. I9U2
nfth Supplemental national Defenaa Appropriation Aot, I9UI
H«T7 Department Appropriation Act, 1942
Var Departnent CItII Appropriation Aot, l^^S
Additional TTrgant Defiolanoy Appropriation Aot I9UI
Traasmj Dspartaent Appropriation Afit, 19U2
JUatlea, State and Coaaaroa Dapartaaata Appropriation Aot, l^^Interior Departnent Appropriation Aot, 19^2
,
HlUtnpy Appropriation Act, 19l*2
Pedaral
Labor
Security Appropriation Aot» 19"^
Second Deficiency ApproirlatlOB Aot, 19^1
nrat Sappleaental National Defenaa impropriation Act, 19^8
Second Snppleaental latlonal Defenaa ^ipreprlatlOB Aot, 19^1
(Title I)
(Title II)
Defanae Hlflttva/ Aot of I9UI
Third Suppleaental Vatloaal Daf«ue Appropriation Aot, 19^
Joint Beaolntlon (Var, Philippine relief, and defenne honeiac)..
,
fotal, 77th Oonereaa, Tlrat flcealoa
t
313.500.000
Vet contract
anthorliatloQs 2/
Treasury Bulletin
16
Approprlutlans and Net Contract Autborlzatlona for the War Actlvltlea Progran-^
As of July 31. 1044 - (Ck}ntlnuedl
Bkt*
•ppr«v«4
FAlle
n»I*
Mt
ipproprlAtloat
•t
eaatrmoi
mtbarliatlaai Jj
TStta
*«k. Ik.
af
Oaagnn, Mnmit a«*ilu
September 1944
17
Cash Income and Outgo of the Treasury, by Major Classifications^
Treasury Bulletin
18
GENERAL
FUND
OF
THE
TREASURY
f
.
.
.
September 1944
19
Assets of the General Fund of the Treasury
(In mllliona of dollart)
find
of fiscal
Depoiltt In
Poderal
Hetarre Bank*
Bxillion. coin.
and cnrranejr
year or mooth
1935
1936
1937
1938
1939
2.016
2.936
2.709
2.U19
3.087
l.OlA
865
1.863
827
19UO
19U1
19U2
19U?
2.038
2,812
3.'A3
10,11*9
ism
20.775
87U
9«U
897
911
820
I9n3-Jui7
9.127
6.8U5
18. Tih
906
905
883
979
076
19.838
900
908
926
.095
Au^at
Septemlier
October
Rovenber
Decenber
1,19'»
15. '•92
12.878
19UU-Januar7
12.873
19.726
17,270
rebmary
March
Special dspoelte
account of sales
of GoTemment
securities
(War Loan accounts)
Other deposits
and collections
118
862
lUl
929
1,022
799
1.150
6U9
611
776
55
58
55
52
95
2511
805
661
1.679
7.667
18,007
105
1U3
265
533
507
6,790
U.362
15.676
U51
2U5
17.280
12,770
1408
9.9''2
563
569
601
09s
172
10,3lU
17,095
5l<0
111,306
9*
1,02U
603
1,038
l,^
538
9W
933
501
636
523
513
U91
April
May
June
12.896
890
912
820
9112
.ltl«
10,5U6
6,766
18,007
506
20.775
July
22,513
807
1.269
19,850
587
Source:
9,lUl»
507
Dally Tnaiuzy St«t*aMit(.
Balance in the General Fund of the Treasury
(In millions of dollars)
Ind of fiscal
year or nonth
Total
assets
1935.
1936.
1937.
1938.
1939.
2,016
2.936
2,709
i9ito.
2.038
2.812
Total
liabilities
2.1*19
3.087
19U1.
19U2.
251*
156
203
SlK
11*7
179
191*3.
10.11*9
1*52
6i*3
191*1*.
20.775
607
General fund
Analysis of balance in the Oenaral Pond 1/
Working
balance
Seigniorage
on silrer
1.001
2,069
2,000
1,622
2,160
ll*0
536
1U2
1.891
2,633
2,991
9.507
20.169
1,163
1,885
2,229
1U3
1U3
1U3
19,1*06
585
605
619
619
619
18,158
7,832
5.601
17,395
619
619
619
lUh
lU*
lUi
18,5''l*
619
619
619
lUl*
11*,
619
619
619
lUl*
iW*
iWl
8,71*1*
316
m
Sep tender.
18,7;«
October.
Noveajer.
December.
19.838
5UI
15.1*92
531*
19,297
lU.958
12,878
581*
12,291*
12,873
19.726
17.270
631*
12.239
19,155
16.606
11.1*76
66U
12,896
12.279
8,522
20.169
11,517
7,759
20,775
617
622
607
19.1*06
619
619
619
22,513
588
21,921*
21.162
619
.
.
9 UU- January.,
rebniary.
March
April.
Hay...
June
.
July.
Source:
1/
~
9,11*1*
Dally Treasury StateDent*.
In the flecal years I935 and I936, 191 mUllons and $55l* Blllions. respectlTely, were transferred fron Increment on ffold
to the working balance for retlreaent of national bank notes.
In this statement, however, charges for retirement of national
571
Increment
on cold
l,8Ul
2,682
2.553
2.216
2,838
U81
576
Au^at.
1
6,8l*5
in the
8.595
9,127
19U3-July
Balance
6,361*
196
11.532
18,392
15,8l*li
700
297
198
11*7
lUl*
IW*
11*1)
lU*
iWt
lUl*
lUl*
luu
bank notes are reflected directly against increment on gold
In the years during which the retirements were actually
made
Inactive gold In the amount of tl,0S7 millions for
the !)lscal year 1937 Is considered as a nart of the working
balance.
..
.
•
.
Treasury Bulletin
20
Chan^
Analysis of
[tB
In
Balance of General Fund of the Treasury
allllona of dollari - >•! lMor*M« or
wt doeruM
(-]]
Vorlrlac b*l*Ae«
Cbanc* during fltc^
T—r or oath
Total
ehaa^o la
OiBorftl
To«ftl
fttad
vorhlac
teaaral
Psklle tebt
and ipoolal
•oooimtt
•ocoBnt
2/
1/
-7696/
193}-
SMO
•128
-3)«
622
19)7.
19J«.
19)9.
19l«.
-9*7
7U2
19'iX.
-997
722
10,
19M'.
£u
10*.
-9X2
-2.2)1
11.79*
Octob«r.
yoT«ab«r.
D>c«ab«r
1.1)9
-*.))«
-2.69)
1.1)9
-*.))«
-2.66U
r«bniAr7
Mu-ob
-55
6.916
-2.5»9
6.9li
-2.5*9
April.
HtT...
Jus*.
Jttlr.
Soorcct
•
1/
2/
^
U/
5/
t/
.
.
.
-h.)?7
1.756
y
-).6U
-J.0B7
-912
-2,2]1
U.79''
Aoxnat
79!'//
).?«o
6u
S*ptMb«r.
19*)-J«ljr
aceonati
luwoni
fttnda
and
Moovatt
6*
)*
-5.i»26
29
16
ft.)OT
iS
2^?
205
u.gas
2.5)*
1*.291
92
U
2). 1*1
6*. 27*
52
lU
16
22
12.**(
1.601
50
150
-201
20l>
1*0
176
*0
90
768
90
3*
-217
-).62S
-2,19*
-*.*03
*9
20
1*
-262
-111 6/
-*0)5/
-99
-51
-5
101
8
-2
-U?7
-165
-)31
-2.002
-*.)27
-).757
-*.7T2
U.6b6
-2.)7»
252
1.399
1*.637
120
2S2
-)55
-ITO
-87
-1*8
-88
1.756
-5.9*7
7.570
102
22)
-19)
2/
if
-726
-1U8
ao
-U.S2)
-5.)59
-1.952
Dally Treasury StaUnaBtt.
Uai than tSX3.000.
Xxclndaa moniiti for pubThli !• tha sat bu4<«tai7 daflclt.
lie dabt ratlramnt vhleti art char(«abla to tha linking fond,
ate., undar apaclal proTlaloaa of lav.
Thla ra^raiantt tha tncraaaa In the (ntt pabllc dabt, azcapt
[im9 footnota ]/•)
aa nottd.
Includai Ndaral 01d-*4[a and SurrlTora Inauranea Truat Tttnd,
TTnaaployaant Truat Fund, Railroad Ratlraaaot Iccoont. Ooraraaant Inauranea and ratlraaant fundi and othar truat fUnda.
Coaprltai Public Vorka Adatnlatratton rarolrlnx fund and tpaUao lecludaa Offlea of Dlatrlbutlon
elal dapoalta (nat).
(foraarly Aerleultural Markatlnc JLdainlttratlon) conaodlty
food itaap traniactlont.
Includat azpandlturaa for ratlraaant of national bank notat.
In tha flaeal yaara 19?5 and 1?36, 191 allltoni and t3^ aHllont vara tranafarrad froa Incraaant on (old to tha vorklnc
Zaer«B0Bt
OA cold
-lti6
6.697
1.112
-2*1
*.7n
Solc&lorac*
oa ollTvr
iloa.
108
51*
u
-1.716
-5.7'«o
QoToraaoBt
63-,
)7
2.52<
5.99*
Gb«£kcln«
of
ooonati
•to.
19
-5.10)
-19.59*
-55.«97
-S9.595
«"*
19hS.
1.7)9 7/
1.067 S/
-70
-)77
5)7
Mlaool-
Tmot
160
51
balanoa for ratlraaant of national bank notaa.
tn thla atataaaat, howarar, chari^i for ratlraaant of national bank notaa
are reflected directly nfalnat incraaant on «^ld. In tha yeara
during; which tha ratlreaanta iMra actually aada.
Xnaetlra jrold
In tha aKmnt of 81.087 allllona for tha flaeal year l<>}7 la
eonaldarad aa a part of tha worlcln^ balance ganeral and apaclal
accounta for the purpoae of thla table.
Ixpandlturaa for the ratlraaant of national bank notaa froa
Incraaant on cold for tha flaeal yeara 1Q^5 to 19^ (aa ahovn
below) are not raflactad herein, but are reflected undar Incraaent on gold aa follova: I93; - fOl allllona, 19^ - f'V
allllona, 1937 - 899 allllona, I938 - l;i atlUona, and 1939 Tha Incraaaea In tha pubI; allllona, total - 86U; allllont.
lic debt ahovn In tha table *Naana of Tlnanclnx Caah Baaulreaanta* for tha abore flaeal yeara vlll not egree for the reaaon
atatad abova.
,
September 1944
PUBLIC
OF
21
DEBT AND GUARANTEED OBLIGATIONS
THE UNITED STATES GOVERNMENT
Treasury Bullelin
22
Analysis of Issuance and Retirement of Public Debt
(to Blllloa* of dollart)
lot ehftnc*
Publle
d«bt out- iB public
d«bt
durtoc
•od of
or •ooth
flacU
•onth
1935.
19jS.
1937.
195«.
1939-
28.701
33.779
36.'W5
37.165
(o.Wio
19M.
Ii2.96<
19>>1.
W.961
19U.
72.)>22
13«.fi96
ijiij^uir
Aufuat
Soptaabor.
Octobar.
loTaabar.
Oaoaabar.
.
.
.
1.6)18
13.126
5.078
Ik. 121
2.6)l6
9.589
9.B21
13.08k
2.528
5.99U
2}
Ml
6S.27"»
6k. 307
201.00]
19<»i
•rl«« 2/
7U0
3.275
iui.;2h
iWi.059
>t.828
15«.3''9
llt.29l
16}. OUT
166, IM
6.697
1.112
2.53^
.
165.877
-281
. .
170.659
U.781
5.716
8.958
6.199
7.19'»
13.166
17.8k7 10.k62
37.16k 30.388
122.632 9k.96l
153.785 123.958
8
t
2.812
3.1k2
8.702
8. 10k
21.7k8
8.098
6.086
20.931
Ik, 281
5.682
10.378
11.056
;.228
6.398
9.239
16.691
8.019
I.6O8
iprll.
Naj...
Jaaa..
18k. 967
186.366
201 .OOJ
252
1.399
Ik. 637
10.322
7.700
27.837
5.192
5.613
21.ko6
Jul/.
208. 57U
7.570
12.162
ll.k22
Marsh
Searea:
•
1/
>M
1
1
13H
1
1.521
18.790
l.Okl
l.k73
2.812
3.1k2
2.1k(
2.896
5.876
8.318
lO.kll
10.638
11.853
13.703
58.358
•9.«78
3.87k
5.570
7.58k
3.52
162
kei
k37
10! 660
2.127
l.9k6
209
k07
350
k.668
6.778
>.7k6
fit
6.39k
10.070
6.301
13.199
696
k.592
1.556
3.062
2/
••rlM 2/
I.I99
2.159
2.567
k9i
Jhilj TraaauT Stataaaata.
Uaa than t500,000.
Inlodaa oartlflcataa of ladabtadaaaa. apaclal aarlaa.
•poolal
ehancao
6.96k
2.978
1.751
2.67k
3.035
60k
k62
326
1.903
I.6IB
Cath
ll.k78
9.0k3
6.9k3
8.881
9.809
kk£
7
Cortirieatoi
of lodobtad»•••. apoclal
y
6.96k
2.978
1.751
2.67k
3.035
303
Total
obao^**
7.k79
12.
.
profits
t*x rvfoad
boadt
k.n6
HJ.107
l«U.n5
Fabnanr.
Nubile liaooa
SpMlal
lfn«t
.669
iki
13
9.kk9
19.226
10.355
191.U-Juiuai7.
(UtlrMnt
fttblie liou*i
Cartirioattt
Adjaatad
of Isdabtid••rrle*
n«t*. iptclal
bo&da
7«ar or
•ODib
7«ftr or
Fubltc d«bt •sp«Qdltar*a
of pntlle d«b«)
Pobllo dobt roeolpti
(XtottftBOo of publle dabt)
k.lU
303
i.Sl
"•2J}
209
U.790
V^
1.596
19
11
516
7. ''58
11
11
11
2.127
1.9k6
<i.903
1.618
ko
112
11
U
11
6,228
k.57D
22
Coaalata of apaeial aarlaa of eartlfleataa of ladabtadaaaa laavad
dlraotl7 and aolal/ to Tadaral laaarra Baaka.
Composition of the Interest-Bearing Public Debt
Xataraat-baarloc pabllo dabt outatandlo^
(!a alllloaa of dollara)
Pareaat af lataraat-haarlac pablle dabt
rahllc tasaaa
fabllo laaoaa
kkl of riacal
faar or aoath
fatal
Iterkat-
Martcat-
arkat-
abla
abla
akla
MTkatabla
Itarkat-
akla
10.617
9.1k7
7.2k3
53.8
52.6
56.2
60.3
63.7
3.015
7.k95
9.557
3.096
16,561
28.822
1.302
1.603
2.508
11.86k
lk.73k
k.779
6,120
7.885
10.871
Ik. 287
100.0
100.0
100.0
100.0
100.0
63.1
62.8
53.2
k2.6
39.8
lk.6
16.0
17.7
u
J5.298
6.383
5.698
6.689
9.168
17.k05
57.716
57.716
65.6kO
22.k91
__
,
23.176
25.060
11.875
11.875
11.596
7.678
7.703
8.851
16.561
17.k97
21.136
12.k«0
12.8k6
13.05k
ll.k56
11.907
11.717
100.0
lOC.O
100.0
ki.2
ko.k
kl.8
16.0
16.2
16.0
8.9
163,589
l6«.781
|l6k.508
68,o«;
68,136
68.1k0
2«.66t
27.316
27.988
11,596
11.596
11.175
9.109
9.278
8.586
23.199
23.103
22.8k3
13.06k
13.07k
13.072
11.868
12.278
12.703
100.0
100.0
100.0
kl.6
ki.k
kl.k
l67.0kj
181,709
183.?k8
68.1M>
7k. 078
73.009
29.527
52.150
52.6k6
11.175
13.302
9.38k
10.2JO
9.116
22.8k3
25.680
25.680
13.101
13.112
15.1k7
W.8P
100.0
100.0
100.0
ko.8
kO.B
10.023
l9ko.
19kl.
I9k2.
I9k3.
19kk.
k2.376
k8.387
71.968
135.38O
26.751
30.kll
38.281
57.716
3.166
k.555
10.k96
21,70k
199.5>'3
T?.**
19ki-Jnly
Aari>t
••ptaabar.
Ik0.?38
Ik2.721
157.053
.
..
72.722
ifrtl.
Maj...
Jnaa.
72.7J3
79.kk0
199. 5k3
J07.117
Jalir
I
Iklljr
Narkatakla
100.0
100.0
100.0
100.0
100.0
62
1.261
1.188
1.556
2.151
iaareai
ataa
Total
1.558
2.676
3.770
Ik. 87k
17.368
20.1V4
22.0U3
0U3
25 ,klk
19W,-Jaonar7..
robrsarr
March
ahla
1111a
Spaelal
laaaaa
l:S?2
2.303
1.15k
1.308
27,6k5
32.989
35.800
36.57b,
39.886
193}.
1938.
1937.
1938.
1939.
Octobar
8oTrabar
Daeaa^ar
eaarkat-
eartlfleataa
»t
ladabtadaaaa
Boada
81.293
I
Traaaary Btalaaoata.
,
i
35.185
33.67k
39.298
37.237
11.
16.?kl.
1
13.168
13.507
16.263
16.265
17.k05
9.092
9.050
9.557
25.266
28.822
lk.73'»
Ik. 287
100.0
100.0
100.0
18.0(7
10.000
JO.O35
155!*
lk,96l
100.0
13.697
Ik. 12?
59-8
.2
3.8
arkatabla
eartlfleataa
af
tadaktadaaaa
1111 a
Spaelal
loaaaa
7.k
36.3
3*.5
29.7
25.0
U.2
!:!
15.1
11.8
U.J
k.2
12.6
11.0
8.0
7.2
i 8
k.3
12.2
Ik.k
8.
?:J
i;i
11.8
12.3
15.5
16.J
16.6
17.0
T.l
lk.2
lk.o
13.9
7.
u
5.6
9.6
5.2
17.7
17.7
17.8
6.7
7.3
8.9
9.6
5.6
5.0
13.7
Ik.l
lk.o
7.
18.1
J.O
k.9
k.8
13.8
15.7
Ik.k
k.8
Ik.J
8.7
39.6
39.3
39.8
18.2
17.7
8.9
8.8
8.7
39.2
18.0
8.7
5
8.
7.
7.
7.
7.
7.
]:l
7.2
7.5
7.2
I
September 1944
23
Detailed Statement of the Public Debt and Guaranteed Obllgatlona
of the United States Governaent
PAM
A
-
riBCAL YLiRB, 1935-1944
(In alllloni of dollera)
Treasury Bulletin
su
Oetalled Statement of the Public Debt and Guaranteed ObltKatlons of the United States Govemnent(Oonttnuedl
PART k
-
FISCAL YEAAS, 1935-19'»'^( Continued)
(la BtlltoBi of
dsUan)
September 1944
25
Detailed Statement of the Public Debt and Guaranteed Obligations of the United States Government (Continued)
PART B - MONTHLY DATA-CContlnued)
(In ollllons of dollers)
Znd of month
191*
I9U3
July
Aug.
Sept.
Public debt
IntereBt-bearlng debt (continued):
Special leeues;
Adjusted Service Certificate Fund
Federal T^poeit Ineurnnce Corporation
Federal Old-A^ and Survivors Insurance
Trust Fund
Federal Savings and Loan Insurance Corporation
Government Life Insurance Fund
Government Retirement Funds
National Service Life Insurance Fund
Postal Savings System
Canal Zone, Postal Savings System
Railroad Retirement Account
Unemployment Trust Fund
Total special issues
Nov.
Oct.
-
Jan.
Dec.
Feb.
Apr.
Mer.
(Continued)
17
98
26
158
766
i'.75'»
551
27
502
27
519
1,1*05
1.1*69
1,071
1.213
1,668
1.123
18
177
18
18
IE
18
18
162
77
77
77
77
77
18
93
18
93
18
98
18
98
'•.031
l<,031
14,256
U.256
l*.256
1*,536
"•.525
'.525
U,669
't.669
1*.669
107
107
8
9
16
510
l,'56
11
sU
25
25
507
1.369
528
539
1.393
S38
<)82
18
5ltl
500
502
50I*
10
5O8
l,-!02
i,m*
l,''28
1.11*1
1*05
1*61
511*
667
150
793
100
586
115
731
185
185
2
357
2
3
3
3
3
3
332
321
321
310
"•.295
310
U.630
332
i»,598
1*,658
U.9U6
l*,985
5.056
11.U56
11,907
11,717
11,868
12,278
12,703
12,873
1.287
July
June
Vjiy
1,382
922
200
16J
322
U
311
''I
33"
'17
5.356
5,381*
13,168
13.507
13.697
5.
29g
It.
26li
U
5,661*
319
5.610
513
5.653
ll*,l22
111,287
ll*.96l
323
1110,238 11*2, 721 157.053 163.589 161*,781 161*. 50s 167,01*3 181,709 183. 31*8 183,1*13 181*, 871* 199.5''3 207.117
Total Interest-bearing debt
2.193
Prepayments on Fourth War Loan securities.
Matured debt on which interest has ceased.
Debt bearing no interest:
United States savings stamps
Excess profits tax refund bonds
United States notes (less gold reserve)
Deposits for retirement of national bank and
Federal Reserve Bank notes
Other debt bearing no Interest
Total debt bearing no interest.
113
161*
121*
291
209
207
201*
201
198
202
203
258
21*1
205
201
196
1*0
191
352
260
196
6U
191
198
97
191
197
175
I3I*
180
178
191
191
191
191
191
191
191
191
191
2
191
769
6
77I*
771*
770
6
768
6
762
6
758
6
752
6
71*0
6
6
732
6
726
6
773
6
71*6
6
1.173
1,171*
1.172
1.167
1,168
1.168
1,16U
1.157
1.185
1,202
1.232
1.259
1,281
6
lUl.521* ll*l*,059 158,3''9 l65.0l*7 166,158 165,677 170.659 183,107 I8U.715 I8U.967 186, ?66 201.003 208.571*
tal public debt outstanding
Guaranteed obligations 1/
Interest-bearing debt:
Public Issuee;
Marketable issufist
Commodity Credit Corporation
Federal Farm Mortgage Corporation..
Federal Housing Administration
Federal Public Housing Authority...
Home Owners' Loan Corporation
Reconstruction Finance Corporation.
Total marketable Issues.
Non-marketable Issues:
Commodity Credit Corporation 2/
Reconstruction Finance Corporation j/.
Total non-marketable Issues
1*12
1*12
U12
1*12
1*12
1*12
1*12
930
22
930
22
930
930
22
930
930
111*
111*
930
22
llU
22
llU
1.533
.533
571
571
.533
571
1.'>13
571
.533
571
1.533
571
23
llU
1.533
571
3.582
3.582
3.583
3.583
3.563
3.583
3.583
nU
111*
"12
930
23
1*12
1*12
1*12
1*12
159
23
118
23
.23
2"
2U
1.533
931
755
755
755
571
937
lU
"69
1.5""
1.503
1.190
1.190
1,191
3.
71
73
77
190
195
188
175
31*0
376
"95
570
539
168
586
163
176
150
176
277
305
205
"37
191
279
352
382
530
571
6"2
686
756
71"
75"
339
326
277
3.93''
3.961
U,U3
U.15I*
",225
".269
U.227
2.258
2,258
1.529
i.ia6
1,1*68
16
lUO
107
97
2.27"
1.669
1.623
1.565
3.782
Matured debt on which Interest has ceased.
Total guaranteed obligations outstanding
Source;
•
1/
2/
1*12
129
^.
Total Interest-bearing debt.
22
3.791
3. 91*1
3.971
Dally Treasury Statements.
Less than 4500,000.
Ouaranteed securities held by the Treasury and securities guaranteed as to Interest only are not Included In this table.
Demand obligations.
l*,119
J/
1*/
I*,l60
U.230
U.275
dIL
2.278
Consists of Reconstruction Finance Corporation notes. Series X-A,
X-B, and X-C, *Alch were held by United States Oovernment corporations and credit agencies.
Includes prepayments on securities dated February 1, loUU and offered as part of the Fourth War Loan.
Treasury Bulletin
26
INTEREST - BEARING PUBLIC DEBT AND GUARANTEED OBLIGATIONS
OF THE UNITED STATES GOVERNMENT
siii.ont
'DOLLARS
DOLLARS
DOLLARS
Btllioni
Public Debt and Guaranteed Obligations
BlIllORI
Non-Marketoble Public Debt
270
270
60
eeo
260
50
290
250
60
50
other
Savings notes
40
40
Sa¥ings bonds
240
240
30
230
20
220
10
30
Guaranteed obligations
_
Special issues
230
|m
Non- marketable issues
PuMfe dtbt
Marketable issues
220
10
III!
210
210
20
1935
36
37
38
mn P^
39
40
^i
41
42
43
ii„
44
July 31
1944
200
200
B""»"»
*
190
190
DOLLARS
DOLLARS
**"'
Marketable Public Debt
190
180
170
160
ISO
140
130
120
110
100
90
80
70
60
50
40
30
20
'0
1935
36
37
38
End
39
of
40
Fucoi
41
l%v
42
43
44
'
July 31
1944
1935
*^
36
37
38
End
39
40
o( F.icoi
41
Ytoc
42
43
44
'
July 31
1944
.
.
September 1944
27
Guaranteed Obligations Held by the Treasury^
(In Bllllont of dollari)
Coiomodlt7
taA of fiaeal
jear or month
Crollt
Corporation
Fodoral
Tans Mortgage
Corporation
Tailaral
Public Boutlnc
Authority
Home Ovnori'
Loan
Corporation
Tannaaaee
Valley
Authority
Reconttroctlon
Finance
Corporation
3.655
».030
1935
1936
1937
1938
1939
3.655
3.630
883
273
10
19>I0
19U1
19UZ
lOU
302
25
llW
lt.079
llOO
7.535
10,717
.950
19UU
7.063
7.170
7.310
It.OSO
25
15
20
MJ
2U3
27U
283
39«
551
212
580
2.53''
52
57
57
5.033
8,Ul6
57
57
700
700
700
2*3
283
2«3
173
110
79
5.850
6,021
6,192
57
57
57
7.U77
7.560
7.853
700
800
800
283
283
283
36
9
6.I10I
6.713
57
57
57
8.OU5
8.292
10.325
900
900
900
676
283
398
398
597
6,806
6,937
7.697
57
57
57
April
May
June
10.1103
10,626
10.717
900
900
900
697
371
366
398
39«
398
603
607
580
7,7"»9
8,29't
8.ltl6
57
57
57
July
10.993
900
359
398
5U9
8.730
57
19U3-JUI7
Augoat
Septeabor
October
loToaber
Daeeaber
19lt4-Jaauai7
Tebmaiy
llaroli
Source:
•
7
20
263
9X
366
Dally Traaaury Stateaenti
Leaa than $^.000.
1/
6
Ml
Theae aecorltlea are not Included In preceding atatenente of guaranteed
obllgatlone outstanding.
Computed Interest Charge and Computed Interest Rate on the Public Debt and Guaranteed Obligations
of the United States Government
(Aaouats In allllono of dollare)
Ind of flaoal
year or aonth
Intereet-bearlng
debt outstanding
1935.
1936.
19371938.
1939.
Computed
annual
Interest
charge
31.768
37.707
863
970
[1O.U65
Ul,lt28
.OU7
,068
,1U9
U5.336
19I10.
U7.87U
19UI.
19U2.
19V1.
5'».7l»7
Computed
annual rate
of Interest
(Percent)
2.716
2.573
2.588
2.579
2.53't
Xnterest-bearlog
debt outstanding
27.6U5
32.989
35.800
36.576
39.886
U2.376
1.203
1.335
1.729
2.759
3.868
2.U38
2.260
1.978
I.92U
Ouaranteed obligations
Public debt 1/
Puibllo debt and guaranteed obllgatlone
W.387
Coiq;}Uted
Computed
annual
Interest
charge
annuel rate
of Interest
(Percent)
Confuted
Interest-b oaring
debt outstanding
U.123
'"?
92U
9U7
1.037
2.715
2.562
2.582
2.589
2.600
1.095
1.218
1.6W*
2,679
3.8U9
2.583
2.518
2.285
1.979
1.929
5.'*98
751
lt.718
lt.665
U,853
5.1»50
6,360
U.5U9
U.092
1.516
81
.938
.928
.912
>».269
81
.90U
3.567
1.959
1.951
1.965
U.227
2.258
33
.903
.D71
3.573
3.598
1.9l>8
1.1)1)9
1.9W
199.5l'3
3.8119
1.929
2.258
1.529
1.516
33
18U.87H
19
19
1.255
1.262
207.117
3.990
1.927
1,1)68
18
1.22S
lllO,238
3.i''9
1.956
1U2.721
157.053
2.763
2.802
3.070
1.971
I.96U
1.955
3.782
1.96it
167.701
168.935
168.732
3.253
3.283
3.298
1.91)0
3.173
3.203
3.217
l.9lto
1.95't
163,589
16U.781
16U.508
171.312
185.936
3.35>t
167. 01(3
181. 709
183. 3'W
3.273
3.625
3.600
1.958
1.950
1.939
1.9'»2
l.9ltl
l.92lt
1.922
185. 670
201.099
3.606
3.617
3.868
July.
208.585
U.008
Source:
1/
I86.I103
Dally Treasury Stateaents.
Treasury bills are Inoluded la laterest-bsarlng debt flgvres
at face amount, but for purposes of ealeulatlog the ooaputed
-""*'* Interest charge and the ooaputed rate of Interest, the
dlecount Talua Is used. 7or the purposes of coqjutlng the
I.83I)
80
80
1.972
2.881
April.
May...
June.
1.978
2.052
U.II3
U.15U
U.225
2.8l|0
U;.6o6
109
117
85
2.1)98
2.035
1.995
1.987
1UU,020
1>*,655
161,018
Tebruary.
March
2.720
2.650
2.633
77
78
79
19U3-July
Augoat ....
Septeaber.
19Ul<-January.
112
125
123
121
112
1.861
1.968
1.262
19tlt.
1.9^3
Computed
".."^.t rate
of Intereet
(Percent)
19
71.968
76.517
139. »72
201.059
October..
loTeaber.
December.
aunur.?
interest
charge
^
135. 380
199.5'«3
181.1.1T
3.5*
1.9W»
1.956
l-^
81
n
t"""*^ Interest charge and rate of Interest on United States aaTlogs
bonds. Series A^l are considered to yield 2.90 percent per annua and
Series T Is considered to yield 2.53 percent.
Ouaranteed eecurltles held by the Treasury, and securities guaranteed
as to Interest only, ars not Included In thle table.
Treasury Hal let in
28
Maturity Schedule of Intereat-Beerlng Public Marketable Securities
Issued or Ouaranteed by the United States^
As of July 31. 1044
(U
allllsu of dollwt)
Dttatl«4 •Bsoal aUtirltlH
Dooorl^loD Of •ourlt/ 2/
ooth
!
(Dato of Itouo
rizal-
ohowa la paroaUwooo)
aturllj
Itoaao
l9Mi.
*««
Sajit
Sop I
Sop I
Oet.
Dao.
Doc.
TraaoaiT blllo
Cif. of ladobl. D 7/««
Ctf. of lodobt. 17/8*
CTroaourj aoto
If
Troa.urr aoto
D5/"»i
Ctf. of ladobt. f.
1/ti
Ctf. of ladobt. » T/««
TroaiaiT bead
H
(Tarlaaa)
8/1/Wi
9/l/Wi
9/l?/»»
(S/zAS)
O/ISAS)
(«/K/«)
9/15/1'''
(1/31/W)
lO/l/tt
It/l/l*
(10/i;/l>})
12/15/l»fc-5l»
(U/l/kl)
(li/15/»)
total
l^lt^rab
Pob
Nar
Apr
»V
Joao
Jnao
Sopt
Ilac.
tee.
7/«#
l-l/8>
.90*
5/^»
Ctf. of Udabt.
2/1/1*5
CCC DOto
2/l?/»9
Troa«ar7 aoto
TroaouJ7 aoto
3/15/''5
l-l/U Troaoar7 aoto
3/15/^5
t/l/H?
Ctf. of ladobt.
7/rt
Ctf. of ladabt.
5/l/'>5
7/rt
6/1/U5-17
l-l/?« tote boad
Ctf. of laiabt.
7/««
6/l/"»9
a-}/" Troaourj boad
9/15/*V*7
- 12/15/">9
2-1/rt TroaouT7 boad
5/H Troaourj aoto B - l2/15/*5
VU^
(2/1/Wl)
(T/a/ii)
(8/l/W»)
(J/15/»0)
(9/29/>«)
(fc/l/to)
(5/1 /»)
(6/1/3?)
aizi/ik)
(9/1S/35)
(12/1 5/3T)
(12/u/So)
Total.
19U6-Jaa.
Mar
Mar
Jvkm
Juno
Dae.
3f
\%
3-5/Mt
3f
5-l/8#
l-l/2f
Total.
19>tr-Jaa.
Jaao
Jaaa
Sapt
Sapt
Oot.
-Mar
Coavorsloa boad
Troa«aj7 aato
A
Troa»nr7 boad
Troaoitry boad
Troaoury boad
fi
TraaoiUT aoto
'
i/l/W
3/15/W
(1/1/16)
(ll/l/kl)
j/l5/"'6-j6
S/l^/iifi-W
(3A5/26)
6/15/U6-U9
'
l2/15/«
Callablo loottao
oluolflod bj jraar of:
(6/15/3*)
(6/15/31)
(6/5/W)
rirat
oall
naal
atari tjr
Total
flxod-aatnrlty
losuat plao
oallablo lioooi
olaaoiflod toj jaa
of flrit call
iBTltlOO
niad-aaturltjr
loowoo pluo
oallablo lotuao
elaaolflod bj /oar
of flaal aatiirltr
September 1944
29
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United Statesl/
As of July 31. 1044 - (Continued)
(In olllloni of dollarg)
Tear
and
month
30
Maturity Schedule of Interest-Bearing Public Marketable Securities
Issued or Guaranteed by the United States-^
Aa of July 31, 1944 - (Continued)
(In
Umr
u4
oath
tllioBt of Aollui)
Treasury Bulletin
September 1944
31
Offerings of Marketable Issuea of Treasury Bondf,
of Indebtedness Since December 1
hkites,
,
1041
and Certificates
Treasury Bulletin
32
Disposition of Matured Marketable Issues of Treasury Bonds, Notes, and Certificates
of Indebtedness and Securities Guaranteed by the United States Since Oeceaber 1, IMI
B>l* of
r*fua41a(
for aichafi^
traB««£tlOD, 01
of rotlroAont
for e«kk
tr*&a«£tleB
DtoorlptlOD of eftll«4 or aatarlBC
•oewUj
(fiftto
1/
of lo>«o !• obowB In parcBthooot)
Aaevat of
fttorlDC
or collod
••curlty
OUtotABdloc
iaoQBt
for oaoh
rotlroMst
Aaoiut
•xebaac*d
Pore oat
•xeluucod
DoocriptloD of D«v
ocurltj offoro4
(In BllltoDO of dollaro)
20
2
(1/15/55)
(3/1/35)
U26
310
236
103
7
12
95
99
87
93
Totals for oxchaaco traaoaotloB of I/15/'<2...
1.075
60
l.OlU
9*
272
97
99
1.111
97
1.573
282
91
1.655
92
1.556
97
1-3/^
l/15/>«
l/tt
si
10/15/H8
3/15/''2
(S/15/57)
l/lVZ
(e/WJ?)
nvc
t>0B4
-
1/15/W2.k7
?-3/i«» Tivc koBd
-
3/l/'»2-'«7
2-l/l>)(
s/s/iw
Tro«.. Boto MC Boto
-
7/l/li?-Ul.
gOLC boBd
UC not*
29
(7/1/35)
(11/10/J9)
T^
Total* for oxchaaco traaoaetlea of Sf^/^i,,,
1.151
It
7/l/"»J
It
Traa*. Bat* -
7/8i
UC
aot*
33
S/IS/"*
(9/15/37)
-
10/15/'«
(t»/17/'tl)
520
320
-
Cortlfleat*
ll/l/Uz
(U/l;/ll2)
1.507
1.507
1-3/M
Iroa*. Boto - l2/l5/t2
(12/15/37)
232
23a
5/H
Cartlf loat*
-
2/l/l»3
6/25/'«)
1.5M
1.5M
3/1 VtS
3/W
Tr«a*. Bota -
3/15/'»3
(3/15/'»l)
66
66
(9/a/U2)
5/1/U3
(8/1/to)
1.506
2*9
133
3/3
C*rtlflcat*
CCC Dot*
5/l/>»3
5/l/'»3
1.795
1>I0
Total* for oxohaac* traBcaetloB of ^/l/^'i-
6/15/M
7/15/'»3
6/i5/l«3-'»7
(6/15/27)
U^
U5U
1-1/8% Tr«a*. aot*
6/l5/''3
(6/15/3*)
629
629
7/15/"'3
(vn/ui)
3*
y^
98
7/Bi
Cartirioat* -
5/1/"*
7/ai
Cartlfioat* -
8/1/Wt
l/tt
«/l/t3
(«/l5/'«)
1.609
53
1%
Traaa. aot*
9/15/t3
(6/15/'«)
279
279
(10/15/33)
l.UOl
2M0
1,161
85
(Il/2/l«)
2.035
96
1.939
95
TIH
Cartlfleat* -
10/1/lik
3.5>«
95
7/rt
C*rtlfloat*
-
12/1/kk
2.127
9«
.90i
Traa*. not* -
3/l/k5
76
705
80
8k
98
10/15/UJ-U5
Oartlfloat*
11/1/113
Cartlfloat*
12/I/I13
(IZ/l/Ms)
3.600
260
l-l/8i Traa*. aot*
12/l5/''3
(12/15/3*)
"121
It21
-
2/1/Uk
(2/X/39)
lU
lib
-
2/l/l»'i
(2/l/'«3)
2.211
7/St
2/l/W.
l-iPti »PHA aot*
i/l/W.
7/g*
CartifUat*
3-1/W TDK boBd
-
3/15/i*'^6*
(S/IS/J'')
95
T7¥C bond
-
5/15/'^''9
(5/15/5»)
«35
aot*
sou bend Traa*. bond .
Tr*a*. Bot* Traa*. aot* -
V15/W1
5/l/'^52
(7/3/M)
571
779
.519
T$
UC
li
3K
3-l/1)1(
li
3/>4
I./1VW.-U6
3/15/W.
6/15/K*
(5/I/3H)
(U/lS/sU)
(11/1/59)
(6/15/39)
^tal* for axehaac* traaaaetloa of 3/15/^***
78
^29!
i£
1.225
1H3
270
1.730
no
3.920
7/»i
Oartlfloat* -
U/l/UU
5/i/»*
7/H
Cartlfleat* -
5/I/W.
(S/l/l'S)
1.655
•/i/W
7/»»
Oartlfloat* -
g/l/Uh
(•/2A3)
2.5"»5
(''/15/'»3)
19
130
12
Si
i/i/W»
1/
l-'/l^/U*
C*rtlfleat*
aot*
7/ef
ot*i
-
XK
lO/l5/'i3
3/15/'*
•l-l/2i Traa*. not*
6/15/119-51
l-l/8f
3-1/14 Traa*. boBd
la/iVM
7_
3-3/ ai Traa*. koad
10/15/U3
W/l/M
Tr*a*. boad -
3112
l/it
(
303
31
5. 251
Th* >•* Tr*a«nr7 bead* of 19Ul».5b aBt*tKdln« la tha aaoaat of 11,037
Bllllos*, hart >**b aallad far radasptloa on S*o*Bb*r IS, I9UU.
Onclnal oall Bd aatorlty data* ara oaad.
37»
3*
'».»^7
1.615
2.511
n
f
2-1/2* Traa*. bond - 12/15/6'>-69
Traa*. boad - 9/15/51-53
\ it
J-l/U* Traa*. bead •2-1/2* Traa*. bead 1-1/2* Troaa. aata -
9/15/56-59
3/15/65-70
9/15/>>8
83
7/»*
Cartlfioat*
-
k/l/kj
98
7/»»
Oartlfloat* -
5/l/>»5
99
7/8*
C*rtirioat* -
8/I/U5
93
7
.
September 1944
7
33
Offerings and Maturities of Treasury Bills
Table 1.- Description of Treasury Bill Offerings and Amount of Maturities
(teonnti Is llllost of dollari)
Deocrlption of oav Itaua
AjBonnt of
atorln^
Data of
is tut
iBOQat of bida accaptad
Hatarlt7
data
of
daya to
IhliBber
atsrltj
iaoxmt of
bida
taaderad
19^3-July
July
July
July
7.
igitSHJct.
7-
92
I.I76.U
lU.
21
28.
Oct.
Oct.
Oct.
lU.
21.
28.
92
92
92
1.520.3
1.373-S
Au«.
Aug.
Au«.
Au«.
k.
12.
19.
26.
Sot.
Sot.
Sot.
U.
12.
18.
26.
92
92
1,>I08.9
1.1)19.0
91
,1*20.
92
.277.
2.
91
91
91
91
91
1.177.6
1.281.2
1.535-6
91
91
91
91
1.239.5
I.ISU.S
Sept.
2.
Sapt.
9.
Sept. l6.
Sapt. 23.
Sept. 30.
Sot.
Deo.
Dae.
Dae.
Dae.
Dae.
9.
16.
23.
30.
Oct.
Oct.
Oct.
Oct.
7.
19lt4-Jaa.
lU.
21.
28.
Jan.
Jan.
Jan.
27.
BOT.
Hot.
Sot.
Sot.
It.
18.
26.
Tab.
Tab.
Tab.
Tab.
10.
17.
2k.
12.
23.
30.
Mar.
Mar.
Mar.
Mar.
Mar.
19UU-Jan.
6.
Apr.
Jan.
Jan.
Jan.
13.
20.
27.
^r.
^r.
^r.
Dae.
Sao.
Dae.
Dae.
Dec.
Tab.
Feb.
reb.
Feb.
2.
9.
16.
3.
10.
17.
2k.
Hay
May
May
May
June
June
Jane
June
June
Mar.
Mar.
Mar.
Mar.
Mar.
16.
Apr.
Apr.
Apr.
Apr.
6
13
20
27
July
July
July
Nay
May
May
May
U
tag.
AB«.
Jtina
June
jana
Jane
Jona
2.
9.
23.
30.
U
IS
25
1
8
1§
22
29
6
13
July
July
July
20
Jttly
27
Jttly
Ai>«.
Aa«.
6.
13.
20.
3.
2.
9.
16.
23.
30.
6.
13.
20.
27.
k.
11.
18.
25.
1.
8.
1$.
22.
29.
6.
13.
20.
27.
J.
10.
17.
24.
l,>t98.8
1.337.7
1.1*13.9
1,286.5
hown
In
firat colnan]
1,003.1
1,001.2
1,003.7
1,002.8
962-5
932-8
933-0
956.0
40.6
68.4
70.7
48.8
804.7
804.0
904.7
901.8
12,062.5
12.259-7
1.005.8
99U.7
1.005.3
1,002.3
948.5
932-2
929-4
93U.O
57.4
62.5
75.9
68.3
901.8
907.0
907-8
905.4
12,563.8
12.651.5
12,769.0
12.846.0
1,001.8
1,00U.9
1,008.6
1.017.7
1,003.0
942.3
950.4
932.2
940.5
943.2
59.5
906.0
12.941.8
13,038.0
13,066.2
13,057.8
13.054.1
1,006.9
1,00U.7
l.OOO.g
1,008.1
955.1
951.3
928.9
940.3
51.9
53.4
1.002.6
1,00 It.
1,001.3
1.008.7
1 ,oo6.k
Td
77.3
59.8
908.
1,000.5
1.006.1
1,005.8
12.J58-7
12.6^9-8
13.058.9
13.062.4
.7.8
?7
1,003.1
1,001.2
1.003.7
1,002.8
934-8
929-1
927-3
930.5
67.8
75.6
74.0
78.1
1,005.8
996-7
1.005.3
1,002.3
13,061.
13,071.
13.067.
13.073.
942-5
947.6
934.4
944.8
969.0
63.9
63.8
,001.8
,004.9
,008.6
,017.7
,003.0
13.078.3
13,084.8
13,076.3
13,064.2
13.072.2
48.1
57.4
13.080.1
13,075.6
13,092.0
13.100.9
.8
91
91
91
91
91
l.SttU.O
1.69't.3
I.SI5.0
1.791-7
1.771.8
1,011.4
1,000.2
1.005.5
1,011.0
91
2.255-5
2.173.7
2.273-5
2.291.5
1,000.2
1.017.2
1,016.9
966.7
942.8
957.7
950-0
66.9
1,006.9
1.004.7
1.000.8
1.008.1
1.002.
1,005.
1,012.
1,007.
930.7
927.8
941.3
932-5
71.6
T7.8
71.4
75-2
1.002.6
1,004.7
1,001.3
1.008.7
13,100.5
13,101.5
13,113.0
13,112.0
1,007.
1,035..
71-1
2. '•50.7
91
91
91
,2lt7.1
,221.6
,621.6
l,0ll>.8
65.8
60.7
41.9
91
91
91
91
2,l>59.2
91
91
91
91
91
2.151.5
2,095.1
2.116.7
1.976.7
1,016.1
1,001.1
1,009.7
936-3
969-5
951.1
937-1
954-5
66.0
65.1
63.9
55-2
1,006.4
1,011.4
1,000.2
1,005-5
1.011.0
13.113-0
13.137-1
13,153-1
13.148.6
13.147-3
91
91
91
91
1.997.8
1.927.7
2,028.U
2,131.1
1,007.7
1,014.5
1.013.6
1.015-9
960.7
959-0
959.5
961.3
47.0
55.5
54.0
54.6
1,014.8
1,000.2
1.017.2
1,016.9
13.140.1
13,154.4
13,150.7
13,169.7
91
91
91
91
2.1'*9.7
1,017.1
1,206.9
1,206.3
l,2lU.l
966.6
1,148.0
1,147.0
1.157.1
50.5
59.0
59.3
57.0
1.002.3
1.005.7
1.012.7
1.007.7
13.164.5
13.365.8
13.559-3
13.765.8
91
91
91
91
91
1.887.1
1.990.1
2.193-9
2.173-8
2,308.9
215-3
202.6
201.0
1.164.6
1.150.0
1,148.7
1,156.5
1,154.9
50.7
52.6
52.3
55.1
52.9
1.007.4
1.035-5
1.016.1
1,001.1
1.009.7
13.973-7
16, 140.8
14.325-7
14.536.2
14,734.1
215.1
1,216.3
1,203.8
1.206.6
1.167.4
1.149.4
1,146.9
1,158.2
48.8
54.4
59-7
56.2
1.007.7
1.014.5
1.013.6
1,015.9
14.943.0
15.132.3
15.325-4
15.523.9
2.551.6
2,3lit.9
1.979-2
2.172.7
2,170.2
1.958.»
Oot.
Oot.
Oot.
Oet.
5.
13.
91
<!,
92
2.0l>2.3
19.
26.
91
91
2.07U.3
2U.6
207.8
1, 2lU.lt
2.177.'«
Data on aav iaauaa ooae trtm Poblle Debt Sarrloe; aaount of
aturlng laaua and total bllle outetandlng are on Dally Traaawcj Stataaent baala.
Back rignrea: Annual Eaporta of the Saoretary of tha Traaanry.
Source;
iaount OD
flxad-prlea
baala 1/
,ll»2.7
31.
7.
Aaount on
coapatitlTa
baala
Total billa
outatandln^
(aa of data
91
90
91
90
Au«.
Sept.
Sapt.
Sept.
Sept.
Ih.
21.
28.
Total
amount
laoua (aa
of date
abovn In
flrat colttaa)
1/
Tendera for bllla In the aaount of 1100,000 or laae froa any one
bidder are aooapted in full at a fixed price of 99-905 par hundred. Thle practice coaaancad vlth the offering of Treaauxy
bille dated May 12, I943.
Treasury Bidletin
3^
Offerings and Maturities of Treasury Bills
-
(Continued)
Table 2.- Prices and Rates of Treasury Bill Offerings
Gkl* of
19115-jtti,
7
2
..
.
u
7
7
September 1944
35
Sales of United States Savings Bonds
Table 1.- Summary of Sales and Redemptions, by Series
(In nlllloni of dollari)
Saloi
ifflount
Flacal 7«ar
or Booth
outituidln^
•nd of
f local yoar
or Bonth 1/
Not chango
during
fiBcal year
or Bonth
RedoDptlono
Salot to
Investors
other than
coDBsrclal
banks
62.0
316.1
799-6
1.237.7
l,g6g.l
*62.0
62.6
25^.1
261t.O
*>«3.5
+lt38.0
518.6
'W7.5
630.5
6«li.5
19I10
2.90U.7
1.036.6
19U1
igte
U.Sl'i.O
+1.U09.3
5,87't.2
1.108.7
1,U92.U
i,'t92.ir
10,188.2
5.99't.l
5.99't.l
19>»3
a. 256.
11.788.7
19W(
3U.606.I
11.788.7
15.139.5
ii,o6k.o
13.350.0
15. '•97.7
coauoerclal
hanks
of
Original
purchase
price 2/
redemption
Talnas
U
ill series
1935
1936
1937
1938
1939
iccmal
Sales to
i
i
hj
358-1
1.2
7.2
17.1
28.0
1*2.1
5
11.2
36.2
66.6
82.0
IIU.3
lUK.l
65.0
87.5
127.6
223.2
8Ug.3
2.370.9
207.1*
-5
U-1
35-9
65.6
80.0
110.8
1U2.8
200.9
8UI.3
5/
+77'*.l
889.7
Septefflher.
2>».llT8.U
661.3
1.78U.9
1,926.6
889-7
801-7
1.926.6
22.6
13.6
13.6
138.2
152-0
155-3
Ootoher.
HoTemher.
Deceaber.
26.056.0
26,697.0
27.362.8
1.577.6
6U1.O
665.8
1.708.2
798.1
853-0
1,708.2
798.1
853-0
13.1
I3.U
19.6
l'*3-7
11*2.9
170.5
206.9
169.6
205.9
ISUU-Januarj. .
February.
March
28,901.0
31.515.2
31.973-8
1,538.2
1, 69g.lt
1,505.'!
U58.6
2.781.5
709.1
2,700.9
705-0
It.l
27-7
17.5
17-6
187.8
leU.g
26g.l
186.
+2,6lU.2
iprll
Hay
Jon*
32.U96.g
32,987-0
3l», 606.1
523-0
U90.2
1,619.2
738.5
750.6
1,8U2.2
1,765."*
1.5
2.2
76.8
21.6
18.5
2U.5
237.1
278.9
2U7.6
5/
July
36,537.8
+1,931-6
2,125.1
2.089.0
36.1
33-5
226.9
5/
1.2
7.2
17.1
28.0
11.2
19l»j-Julj
August
22.030.2
.
.
.
2Z.693-5'
SOI.
737-0
7U8.U
193-0
80.6
Series A-S
*6s.o
25'* -1
1*83.5
1*38.0
512.6
487.5
630.5
68I1.5
62.6
1937
1938
1939
62.0
316.1
799.6
1.237-7
1,868.1
I9I1O
2,901*.
19UI
3.650.2
1,036.6
7*5-5
1.108.7
828.0
19'*S
3,601*.
-1*6.1
19UJ
3,608.0
3.62U.g
J.8
16.8
.8
.1
3,6ll|.8
6.8
3.615.3
3,615.6
•5
•3
3.615.6
3.61U.7
3.616.3
i:l
191*11
19U3-Jnly
August
Septeaber.
.
.
October.
NoTOBber.
DeceBber.
.
19Ult-Jaauanr...
February
March
.
3.623.3
3,62U.2
3.62l».9
+.1
6.9
.5
261*.0
.1
i
828.0
.8
.1
.1
I
y
Is'.l
g2.0
>*2.1
65.0
85-9
92.0
96.0
13.6
7.6
7.0
6.3
5-1
7-7
.9
.7
13.8
7.8
7.2
i4>rll
3.62l*.g
May
Jone
3.622.9
3.62U.8
-1.9
1-9
6.5
5.3
8.2
July
3.632.7
7.9
l'*.7
6.g
137.5
151.2
151*.
183-7
266.8
Treasury Bulletin
36
Sales of United States Savings Bonds
-
(Continued
Table 1.- Sinnary of Sales and Redemptions, by Series
(!
(Continued)
-
allllvai of dollAra)
ialoo
?lae»l 7«u
or aoDth
outotABdlac
oad of
f local f—x
or aooth 1/
Vol chuc*
4ttrl^
flfte&l
Aflcroal
fmr
or Booth
Total
Saloo to
iBTootoro
othor than
SwtM
19k>-Jrt»
Ancu«i
Oetobvr.
loT«ab»rD»e«ab«r.
19Wk-JuiiU7.
.
3.670.S
11.286.6
21.1?%.<
3.«7.T
u.8;7.s
571.1
532.S
1.269.5
1.221.5
521.1
552-5
13I6M.O
ik.sn.S
IJ.IKA.T
15.W7.2
16.891.0
IS.8I1I.7
Muoh
19.1<;.8
iprll.
19.592.8
19.979.5
2i.l;>).«
*«ljr.
22.632.3
rodo^tloi
valuoo
OOMMrOlAl
8O3.I
19M.
of
Saloo to
coaaorelal
7.6l5.«
9.858.2
933.*
1.950.8
3"*.!
I1O7.O
386.7
1.1^5.3
1.507.5
203.1
3.526-3
8.271.3
11.819.7
682.9
661.2
1.>K)0.2
I
20}. 1
3.526-3
8.271.3
11.819.7
682.9
661.2
l.toO.2
1.3*0.1
665.3
727.6
1.3110.1
1.08U.6
2.102.3
579.«
l,o<u.6
2.102.3
575.«
605.
665.3
727.8
605.7
62^.3
62U.3
l.jUg.s
1.5^.8
l,6<6.;
1,6«6.5
1.5
r^lClBAl
pmrohao*
prteo 2/
Istoroot
mecramA
II
7
...
U7
75
6
7
September 1944
5
37
Sales of United States Savings Bonds
-
(Continued)
Table 2.- Total Sales by Series, Classified by Denominations
8Al*a In mllllona of dollars at lasua prica
Plao«l 7—x
or aonih
Poreentace dlttrlbutloD of oaleo
DonOBlnatlon
Total
danoBlnationa
«a5
90
n.ooo
500
tioo
5.000
$10,000
Total
all
danoBlnatlono
Do&oBloatlon
»10
$25
50
tioo
500
l.OOO
20.1*
20.0
18.1
12.2
11.8
1*6.0
23.0
20.7
21.9
18.9
19.0
2U.3
9.9
9.1
15.8
ll*.2
25.0
19.1
19.3
IU.2
8.1
8.3
18.1*
22.2
23.1
7.6
6.7
5.000
10,000
1/
Sarlsi I
191*1
203.1
3.526-3
8,271.3
ll.«19.7
2/...
191*2
19't3
191*4
19U3-Jnl7
Aij^nat
6«2.9
661.2
. .
Boptea^or
1,1*00.2
Octobor.
HoTaabor.
Deooabor.
1.31*0.1
100.0
100.0
100.0
100.0
ll*.lt
1*1.1*
1*0.7
13-3
93.»
31*1.5
615.6
812.
636.9 1,119.5
2,988.2 1,081.0 1.713-8 1.007.3 1,1*<1.0
>*,1M9.1 1, 6112.5 2.583.5 1.396.9 2,0l«7.S
665.3
727.6
ll*.f
uu.o
26.9
15.U
33"*. 9
127.3
iMO.l
190.3
2I16.9
72.1*
100.0
100.0
100.0
29.1*
1*5.6
1*5.2
13.0
2
135.2
312.0
29.7
100.0
100.0
100.0
31.6
26.1
13.0
11.8
17.9
20.7
21.7
12.5
IU.8
5.2
1*8.1
1*9.0
32.6
17.6
17.8
12.9
17.7
17.8
21.6
13.0
9.9
9.0
19.9
31.2
1>*.8
22.8
12.8
I8.3
3.1
6.3
19.8
28.1
27.7
26.6
18.1
-7
1-3
1.5
3-3
3.1
39U.3
303.0
173.7
Uo.s
31*0.1
51*.
60.
81.0
271.3
102.9
605.7
62U.3
291-3
305.9
1,31*9.8
1)02.2
106.7
110.8
I7U.2
107.6
111.2
309.0
186,
277.5
100.0
100.0
100.0
Jnly.
1.686.5
526.5
2H8.8
38lt.l
2ie.u
309.2
100.0
9
2.0
27.5
Hareh
191*1
2/-
191*2
!/
19UJ....
19UI1
19l*3-Jnljr
Atlcust ....
Septoabar.
Octobor.
HoToabor.
DecoBbar.
i.osu.e
2,102.3
575-8
31*2.9
5't8.9
1-5
21*7.5
1*0.9
13.2
123.6
210.1
213.3
37.6
28.1
139.0
1.3
1.1
3.7
2.3
2.0
7.5
12.1
9.8
I16.2
93-1
3-9
1.3
1.3
6.1)
126.8
Fabroary.
157.1*
March
22.9
April.
Hay...
Jnna..
19.3
15.3
115.1
1911 2/
I9I2
I9I3
1911
lU
19.6
2U.8
2U.9
2J.l*
2<».l
July.
21*1.1
66.7
U3U.9
757.9
802.2
19ltl*-Jaiio«ry.,
13.
31-7
17.9
17.3
1*2.
i^rll.
May...
Juna..
febmary.
13.
100.0
100.0
100.0
129.2
125.6
22H.6
908.7
129.3
19Uli-Jairaai7.
36.1
35.1
96.9
82.6
30U.I
99.2
102.1
158.8
32s.
6.9
9.7
67.2
60.1
220.5
290.3
290.8
376.5
108.
117 :l
7.1
17-5
1)0.6
1.8
1.8
30.7
8.7
8.5
2.0
U.7
1.1
3-3
7.1
1.5
17.8
-9
.8
1.2
1.0
U.9
6.1
2.8
9.0
12.7
8.9
100.0
100.0
100.0
-7
-7
.1
3.1
3.9
2.7
6.2
7.2
IIII.8
5.1*
32.2
31-8
33-3
23.8
23.0
26.0
100.0
100.0
100.0
-9
5.0
31.7
6.5
7.2
U.2
5.3
5.2
6.8
7.8
7.5
33.0
37.1
35-2
21.0
21.0
21.0
17.7
28.3
«5.6
82.5
100.0
100.0
100.0
.3
.7
1.6
3-0
5.0
2.6
11.1
13-9
18.0
19.6
U.6
5.3
2.5
6.2
6.8
1.2
i».5
8.9
6.9
l».7
3.9
3.0
28.5
2l*.2
55:?
.5
1.5
1.1*
1.6
.6
5.1*
5-1
a.1
28.8
31.5
30.6
21.8
20.1
19.6
3.0
5.6
29.6
71.8
221.3
106.2
883.8
526.3 1.157.3
520.7 1,051.2
100.0
100.0
100.0
100.0
1.2
2.9
3.0
3.8
2.8
8.7
20
28
29.2
32.8
18.2
20.0
li
31.3
95.6
100.0
100.0
100.0
u
8.7
9.3
10.0
37.2
37.8
38.7
21.5
20.9
11
11.0
10.1
9.9
S:^
19.6
19.1
39.9
19.1
9-7
f.2
8.6
20.5
27.7
3I.T
15.8
19.0
11.2
219.6
82.1
578.1
805.7
9I2.3
62.9
12.5
1I9.9
36.3
23.9
85.8
19.
i
17.3
II.8
10.5
38.7
Oetobar.
loTaabar,
Dacaabar.
271.9
109.1
101.1
1.8
30.3
11.1
10.0
107.1
11.3
10.0
5I.0
20.9
19.7
68.2
28.1
26.9
100.0
100.0
100.0
1911-Jairaary..
fabraary.
186.9
921.7
Namh
U0.3
>.o
28.0
12.5
9.9
99.8
111.6
38.3
62.8
82.7
20.J
285.1
232.1
37.6
100.0
100.0
100.0
April.
May...
Jnna..
113.5
111.1
377.3
1.0
1.0
1I.I
10.3
10.0
33.8
11.5
36.0
32.5
130.2
100.0
100.0
100.0
1:1
3.8
9.1
9.0
9.0
38.1)
128.1
21.8
21.9
70.1
July.
337.5
1I.6
31.1
123.1
65.8
99.5
100.0
1.3
10.2
36.9
Ao^oat
Saptaabar.
Sourca:
1/
.
..
11.0
.5
1?.!
Dally Traanzy Btataaanta;
12.
(2) rigtiraa by da-
(1) Total aalaai
noBlnatlODa ara aatlaatad on tha baala of raporta raoairad by tba
Traaanry.
9ala of lO danoalaatlea Sarlaa I boada oaa anthorlaad on Jma 7.
a.o
100.0
22.3
169.2
112.1
387.1
19l3-Jiily
21.1
22.1
20.3
39.1
113.0
188.
.6
I: 6
100.0
100.0
100.0
.3
22.0
1.8
108.8
6.1*
3^:i
50.9
81.
391.6
2,032.1
2,759.5
2,875.6
2l*.2
10.9
11.1
100.0
100.0
100.0
100.0
29.9
3.0
ik
12.5
21.7
38.5
171.1
308.3
351.8
12.3
91.7
170.2
162.7
5.7
101.1
1*7.6
11.3
2/
1.7
2.3
22.1
12.9
36.5
31.
19.5
and ma aada aTallabla only to aambara of tha allltary and
naral foroas of tha Uultad Stataa.
bonda ooaaatieed May 1. 1911Salaa of Sarlaa I, r, and
Sal* of $25 daaoalaatloa Sarlaa t bonda bacan 1° January 19I2.
191*1
y
1.9
19.1
18.1
Treasury Bulletin
3«
Sales of United States Savings Bonds
(Continued)
-
Table 3.- Sales, by Series, to Investors Other than Commercial Banks. Classified by States
PART A
-
BERIEB E
(Xo thouattBdt of dollftri st lasua prlett)
19**
19*3
flaaal foar
Stat*
19**
f»xr
ZT.(k6
5».7ft
139.180
*2.252
7*. 176
7.728
2.*50
3.*3l
6.J??
2.17*
3.5*7
15.600
5.100
9.800
17.171
5.23*
8.817
7.**9
2,092
5.675
7.331
2.012
5.905
11.6*8
3.822
8.*09
970. *1*
62.529
*.911
12.9*1
61.392
*.136
12.105
88.l«0
11.300
56,0*9
5,028
15.500
56.999
5.121
1*.557
86.635
U.500
123.72*
12.*27
26.163
3.155
17.115
18,361
1.565
11,0*9
6,699
llabMM
Arltena
Arkaaaat
Colorado
«W.fT7
M.132
Ooaiiactlevt
\6B.tit
Callfenls
S«l«rva
Mat. of OaliaAla
90.226
220.926
27.609
135.069
1*2. 6«2
ej.i".}
89. "^6
riarlda
Jaa.
Bae.
Sapt.
ISh}
1.596
tAr
Iter,
ftih.
'S:?2I
1*.017
5.«99
2.079
2.879
7.111
2.098
3.057
1.107
2.096
5.718
l*.3*5
*.553
8.9*7
29.9S0
7.763
10.697
7.698
19.502
182.9*0
17.*6o
*1.595
*9.970
5.86*
10.620
55.636
3.91*
12.*08
55.953
».357
15.097
96.211
10.011
25.1J9
163.598
13.620
33.522
1.802
8,516
8,067
2.759
ll.*19
11.257
*.205
§:2S
1.57*
5.*85
8.127
7.896
1.591
7.871
8.526
5.177
13.991
1».392
^:^
3.610
9i609
8.702
I'M
31.500
10i.koo
13.000
7.55*
l.*97
*3.125
1*.900
*.500
77.800
18.8*9
6.296
8*.909
8,666
1,6*3
*5.*79
9.051
1.979
50.755
11.850
5.979
52.791
6.952
1.12*
*0.090
7.880
l.*ll
*3.782
8.*03
1.935
*2.5*0
1*.232
2*.9r
8.957
150, *6l
7*!629
6.*90
139.57*
19.661
8.877
7.202
29.519
5*.856
19.625
s
29.9*7
Ooorfla
Idaho
llllaata
9*.58k
27.1*5
575.056
1*5.933
7993*2
7.670
1.7*9
*7.266
lodtua
21}.il3
I76.50i
106,190
^^
I8.653
12.*02
7.602
3*.900
55.900
20.800
35.666
55.051
21.*97
18,793
10,570
7.W.7
21.585
12.*27
7,015
21.88*
I8.508
1*.*57
98,285
65.579
56.095
15.538
9.538
7.257
19.232
163.077
19.879
13.96*
7.*35
•7.607
9k.9l0
37.3*1
127.956
1*1.106
5*.99*
7.282
7.8*7
2.672
7.279
7.732
2.710
15.000
18.800
5.50c
16.501
17.*58
8.525
5,85*
7,269
5.595
8,060
7.351
2.81*
10.321
12.687
*.76l
26,856
25.215
11.550
5.089
6. 896
2.5*5
6.532
7.657
6.881
2.*U
5.029
12.297
1*.200
5.095
20.168
20.930
9.791
1M,60>>
152.566
390.986
688.159
23.3*6
37.538
16.SO0
35.600
79.100
17.*27
52.616
96.003
9.015
25.*67
*0,h69
11.250
21.771
*0.9*0
15.579
55.929
52.215
29.985
76,5*8
39!**6
151. *00
7.289
19.692
33.961
8.63*
20.881
35.122
9.0*5
23.2*6
35.829
16.630
58.257
7*. 157
6o!670
99.0*8
2*9.962
82.588
283.681
12.222
3.252
15.139
10.057
3.2*9
39.600
1*.100
35.100
29.6*5
9.158
3*.556
12,095
5.153
15.556
12.0*1
3.571
16.519
28,799
9.581
26. 617
*5.515
18.751
52,0*8
10.170
2.807
12.0*3
9.592
5.087
12.55*
10.039
5.157
l*.75l
V.195
1*.1U
55.1*5
57.57;
1*.816
38.657
55.230
128.079
13,*6S
2.189
5.832
783
1.88*
5.728
576
9.200
13.500
1,800
7.090
2.199
5.281
659
6.505
10.870
10.567
28.807
2.99*
*.7o6
567
2.121
9.3*5
563
1.912
l.*95
2.0*6
5.050
695
1.689
22. n5
•e?
830
J.
16.098
1.525
7.105
21.2*6
2.756
32.722
*15.338
27.990
1.960
26.5*9
1.350
2.211
23.2*6
1.273
2.800
*0,300
5.500
5.011
*9.e99
5.525
2.012
2*. 31*
1.556
1.76*
28.307
l.*65
2.656
5*.57l
2.555
1:S2
1.025
21.*97
1.225
i.wio
25.*26
1.300
1.625
23.792
1.092
3.017
*«.085
3.327
65.557
8,138
2.656
8*, 61k
8.968
2,170
121.785
1*.?25
8.655
2*2.271
50.598
11.317
68.902
67.927
7.157
l.*3*
67.337
127.955
1*.021
7.9T0
21*. 362
7.2C1
l.k68
**.}09
6,608
9,2*3
52.65*
7.672
9.286
60.766
12.«67
1*.*<1
116. 9U2
39.378
28.785
29.055
5,ll02
6.8O6
59.912
5.595
7.6*3
*3.358
5.987
6.9«0
71.091
15.551
16.571
106.3*3
22.289
28.058
*5.018
2.26*
2.899
**.805
3.*60
3.765
*6.k02
5.55*
5.958
91.*38
9.790
7.912
126.273
10.286
13.*92
1.625
7.555
22.255
1.60*
7.982
20.791
7.586
8.22*
15.852
65.*55
23.
7*. 871
9.080
3.16*
3».7i9
38.896
15.568
**.155
*.072
low
B
KoatadCT
Leolalaao
Itelaa
ItoiTlaad
Maaaachuaotta.
.
.
ZW.091
Moblfoa
Ml. 637
Waaaaota
179.>0«
52.870
Nloalaalppl
Mlaaonrl
*0,2J0
195.8M
Hoataaa
lakraaka
lorada.
39. ''32
72.211
11.II66
9.186
I.I1O8
7.195
1:^
8. Oil
h.
8.9*1
loo ltai(ialilr«
fo* Joraoy
loo Moxlee
29.787
J03.807
••
991.988
llj.169
1.290.0M
58.22*
80.8]8
8.166
1.9*7
69.363
7.913
1.5*2
135.100
18.200
8.300
158. *07
3*.3''9
71*. 177
*3.6*l
6.*39
9.983
*3.56*
6.385
9.239
72.900
15.600
15.600
85.e«2
135.26*
159.752
857 .*00
60.858
76.058
51.730
3.763
».55*
50.266
3.760
S.536
92.*00
6.200
8,800
102.520
8,16*
10,170
52,523
3,506
*,231
56,156
5.698
*.217
76.*95
5.*99
6.6a
1*7.6*6
11.198
1*.*17
2.231
7.6«9
25.655
1.713
7.821
J5:'2S
53.8I3
1*7.296
*9*.995
22.33*
9.200
16.600
65.200
7,212
21.1*9
59.71*
2,008
7.365
25.792
1.962
7.991
26,190
7.18*
15.782
59.*«7
10.099
26.586
105.358
1.589
8.9**
20.696
33.2*2
1*.175
1*5. *99
96,J»7
18.819
I89.563
3.136
1.100
11.186
3.572
1.03*
12.126
5.500
2.000
17.600
8.57*
2.8**
25.557
5.19*
1.0*0
11.090
5.922
862
15.55*
*.8J5
1.6(1
17.862
11.0*2
*.021
56.*71
1.60*
6*5
7.118
9.828
10.2a
6.207
1.9*7
11.927
15.782
5.37*
1*.8*7
l.*08
15*83
56.0)tl
5.*9*
11.890
1.132
22.*00
9.100
28.500
2.100
15.555
5.25*
15. 086
1.181
17.085
6,308
15.7*8
1.529
25.860
8.760
18.870
1.779
*5.l95
16.958
51.125
5.8O5
11.280
*.*09
10.129
878
13.89*
*.9»9
11.089
15.799
5.977
10,768
1.0*9
27.5^9
9.589
28.70*
2.29*
500
787
28*
*98
*.862
157
n\
m
1.5*1
gj
517
528
*.9*o
*09
2?
f!2
697
9.090
905
19
Tork
forth Carolina.
(ortk Dakota
17.28>t
.
506.36*
82.1*3
107.67*
Ohio
Oklabew
Orocoa
PoaB^lTaata
Ihoda lalaad
Sooth Carollaa.
626.0^1
53.7*8
..
Sonth Bakot*.
toaaoaaoo
taxaa.
0%ak
Toraaat
Tlrftala
aakl^taa
«o*t Tlrflala
Vtaeoaata
"^lo*
Uaaka
Caaal laaa
lavall
raart* Ilea
TlrclB lilaada...
Othar paaaoaalaaa
•
161.92*
«».985
172.650
17.313
257. 7t9
7.397
e.960
7.135
6l!oS
5.*a»
203
92.197
2*8.2«>
23.769
58.
PO
8.931
?'^
623
*.000
296
5.799
383
19
%
II
58.*99
32.907
2*. 773
229.896 -26.1hi
3.*95
'•;?6
37
18.751
9.525
10,005
35.52*
3.91*
9*2
522
5.916
669
67
5.9*6
312
10
,800
*69
79
7
y
187
61
-11*.*7» 23.985
22,998
592
6.k62
1.7*6
59
58
k.0O6
2.*35
998
h
2.916
918
9*1
1
*.799
**5
10
2
23
135
11
*82
2*.*<9
25.03*
9.822
9»
822
1.1*9
7.200
129
19
n
to
thll/ traaaary
Stalaaaat
total
33.171
63.62*
Ihalloeatod
MJoitaoet
53. I*!
1*9. **3
.296
90,737
8.271.27? 11.819.7*2 682.871
1*7.992
661.200 l,koo.i59 i,3k0.1li« 665.293
78,9*6
-95.155
•29.09*
727.558 1.08*. 637 2.102.3h5
975.77*
(OoatlaiM oa follovlac pa(o)
1*.092 ^19. 00*
122.879 -165.799
609.709 62*. 295 1.3*9.79* 1.686.909
..
.
.
September 1944
39
Sales of United States Savings Bonds
-
(Ck)ntlnued)
Table 3.- Sales, by Series, to Investors Other than Commercial Banks, Classified by States
(Continued)
PART B - SERIES F AND a COMBINED
(In thouamnds of dollftra at Istiu prices)
71 teal J9BT
19Wt
I9U3
Ala])aBa
19U3
Jnly
An*.
8«pt.
32.007
t.hSl
l6,57«
30,156
9,U50
17.831
1.539
532
1,082
912
I105
6.700
1.800
5'^2
"t.llOO
22U.1U5
258,108
30.678
19.915
16,099
977
"•0,200
I.I188
81,128
6"».U37
2.575
"•,012
12.326
33.757
36.705
10.306
29.761
MO,U96
1.063
1.595
2,792
UlO
l.OlU
37.831
8.031
272,112
"•1,958
3,170
7,630
236,291
3"i9
22"»
15,256
Indiana
leva
laneas
79.52'»
71.'*32
3'».897
82,311
106,397
"A, 903
Eentooky
Louisiana
Maine
'•3,755
'•7,"th2
UU.U61
38.952
20.591
Irltona
Arkansas
California
Colorado
Connecticut.
.
.
Delaware
Dlat. of Columbia
norlda
Oaorgia
Idaho
Illinois
20.2it5
Mar/land
Massachusetts.
Michigan
.
.
5"».252
17"».999
52.'»93
l"t7.625
1014,768
106.363
33."«>8
2, "162
11. "m
581
1.021
1122
5.300
5,800
1,020
2,326
'•.222
l.W
1,"H5
1.615
1.2115
"1.681
6,700
1,300
30.700
"1.390
10,068
28.52"t
2,325
292
10,535
6,129
5.031
2,290
3.379
3.360
1,076
11,700
13,800
7,100
9,593
26,Wi3
"•.311
2,880
2,533
592
1.9"»1
7.900
9,600
2,100
3.626
16,357
11.792
1.59"'
1,518
1.330
950
l,9ltO
8,900
6,622
l">,lt00
5.110
"•,290
20,800
3.699
1.093
1,8U7
515
3.615
12,>IO0
177
1.120
l't.563
"•75
779
118,761
7,025
106,839
6.503
6,"»23
"•,817
592
360
627.986
Wt.65U
10,93'
"•72.310
"•2.263
l"^.978
28.753
2.651
Ohio
Oklahoaa
Oregon
203.827
25.095
32,892
19'^.155
26.oi«
29.326
PennsylTanla
Rhode Island
South Carolina.
297. uso
Bew Tork
forth Carolina.
Borth Dakota
.
.
10.U16
South Bakota
Tennessee
Texas
39.1''0
110,993
Dtah
7.'t7U
7.50U
53.701
Veraont
Virginia
Vashlogton
Wsst Virginia
tfyoffling
Alaska
Canal Zone
Hawaii
Puarto Etco
Virgin Islands.
Othsr possssslons
Unallocated
MJustaent
p
r
2,215
3.580
Uoi
1,108
1,868
W13
886
2,068
1,916
282
5,232
3.509
1.012
25.797
8,723
1,301
1.230
19I1
301*
"17, '•07
13.5'«
10,605
1.61H
1,560
1,380
8.766
10.030
5.286
i"t,oi3
3.7"«i
3.002
1.596
15. "•71
5.5'tl
8,370
1.818
680
U,26o
2,307
2.969
3.i'«
2.352
829
8.117
l."t3l
l,061t
11.129
1,099
897
"•.369
1.697
1.268
6U7
2,Ul6
1,322
785
l,18ll
2, '•70
6,557
6,210
3.706
612
2,762
5.573
3,362
7,325
31.252
11,217
8,378
25.356
2.335
5.198
1.781
1,828
5.563
2,738
7.288
7.O2U
17,887
3."^5t
"••332
lll,080
2.720
532
5,o6e
2.663
380
11.083
9.912
3,800
15,806
"182
27"»
2,671
1.965
'•%
5,2lll
327
3.693
151
1,768
13.295
919
1.011
"•,79«
2,
7.55'^
"•,300
20.2ll9
12.896
13.1lili
"1.970
3.100
6,100
900
1.11^7
391
1.058
69
299
928
80
2,108
2.112
8,177
750
356
2.153
190
900
16,800
1,200
1.710
12.662
559
5.099
158
"•26
U,053
3.111
12.607
10">
5I18
3.509
19.326
1,267
18,971
1.526
511
75,000
9,000
't8.35lt
3.093
1.575
16.735
1.693
6U5
17. 92"*
1.532
i«7
68.129
6,050
1.926
96,018
5.911
2,lJO0
13,100
1,718
1.589
8.166
880
3't,300
16. 802
5,100
6,000
3.26h
2.723
8.935
851
955
8, "•32
l."^23
28.030
3.195
26,711
3.771
1.026
11.173
I1.302
251.120
20,628
21,988
17.123
800
1.359
10.335
1.362
696
"t6,3X
2,300
23.181*
10,233
1.078
10,2110
2,1>50
656
31,108
3,036
"•,200
2,105
1.0311
72'*
3,0116
13,222
39.186
117,537
607
2.770
6.133
302
2,"^00
1.350
7,300
26,500
1.83"t
lO.lOll
51U
1.556
2.850
31U
l.5'^l
1.693
3.860
8,393
8,026
51,399
6UU
309
1,900
500
11,100
651
1,19'
3.119
11,000
3.300
lU.ooo
800
6.017
1.638
11.947
716
100
263
100
16^
15U
2.790
180
72
55
1
31
28
21l»
5.181
657
20.381
2U.381
3.517.35"^
3.319.7U7
UU
U9I1
2!>8
1.55'^
3."^36
l«U8
3.l'iO
520
1.925
3.15"^
l,28l»
2,291
698
5. '•92
3. '•92
315
198
65
8U
Uk
569
197
135
1,050
362
2/
"•.357
198
77"»
"•.179
518
5l»l
1,27"!
1,506
It,
8,823
1,231
2, 600
31.37"i
lt.286
U>;6
1.0*3
1.580
1.205
It, 276
5,359
l,U27
178
10.752
5.5W.
1,183
27,872
7.706
"1,112
10,2U6
3.615
1.572
llt,28U
7,31l»
1.896
7,888
5,739
2,353
62U
"•5
Uli
52"»
"•73
"».173
119
3.891
311
19.585
1.580
»77
17,629
1,739
537
13.960
1.603
3"«1
51.251
5.885
2.890
8.565
722
1,005
9,957
8.816
22,3111
88I1
611
811
3,623
3.929
"•3.976
7.893
1.1176
9,680
1,012
960
8.200
3.337
3.298
80lt
32.850
2,318
571
3,o6li
"•,7"^5
2.271
6,oU8
i.gJ
523
1.510
3.955
13,201
23,2ll2
529
1.352
3.«89
2,696
2.37"!
2,186
5,068
19.557
287
273
2.957
1.277
1.368
7.200
1.032
I.6U5
7.588
255
1,267
317
220
1.6U8
127
307
1.937
1,231
1.029
7.221
1.831
985
2,130
2.668
2.
16.799
2,065
866
3.625
U16
2,126
966
3. 809
306
7.3l»7
3.61U
1U5
7.269
2.203
9.52U
569
1.648
1.142
3."^92
3. "•97
13.901
663
II
280
I109
2.297
291
1,051*
lUl
2'rf
666
16U
122
13
300
9,U1U
"•,621
-12.267
20,3611
-701
9,100
206,820
l"«i,529
526,396
368,001
132.853
125. '•59
2,75"^
9.32"i
9.
1.1157
930
198
1.259
195
32U
1.157
UTU
99
70
112
99
2.08U
181
15U
11U7
l.ii6^
13
10
255
18. 300
-2,123
308
"•20.728
598.570
129.230
131.339
27
155
19
33
502r
10
100
37
^^6
150
133
2.7"^9
129
275
673
lUo
5
70
119
to
Ikllj Treasury
Stateaent
Sottrcs:
2.l»59
1,660
5,028
8.317
2,7"rf
1
.
ll,i»9U
2.2311
"•33
l."<97
2,9110
8,887
11.952
3.625
2. '•3?
3.851
282
I17I
9.868
1.276
3.709
3.30";
13, "too
8"l6
1:^
2.l»3l»
10,550
5,'180
826
1137
69>t
887
U23
600
"•"•3
5"t6
5,900
Jua
May
5.829
1.928
2,1A2
2"^9
2,267
1.316
1.825
10.522
3.982
Ulg
1,297
1,8U3
17.367
3.010
Apr.
2.286
660
3.539
56,253
19,552
93.192
6,032
"•9.753
17,905
86,336
6,010
VI scons in
NaT.
7.306
1.399
6.9U1
13.550
39,339
3,630
30.U2U
21,712
l,ll00
3.025
Hew Easip Shi re
Sew Jersey
lew Mexico
.
6,100
7,100
'•.575
lU,l403
.
2't,96U
2,91'^
7,03't
9.257
1.039
10.529
.
666
11,765
979
3.367
Montana
Isbraska
Hevada
30,itiU
lt,UUl
3.607
772
1.398
3.399
755
69.692
21.812
69,836
22.296
91,689
Jan.
1.095
370
385
Minnesota
Mississippi
Missouri
sl»,266
I9I*
(1) Total salss:
Dally Treasury Stateaents:
ports of gross salss.
Prslialnaxy.
RsTlsed.
Less than S5OO.
(2) Sales by States:
Re-
1/
2/
-111.
U,lli5r -12.526
12U.177
"•15.6U5
Unallocated amounts for prior aonths Included chiefly sales to the araed
forces.
Beginning In Septenbsr I9U3 these salee are allocated on a
stats basis.
Included In 'Unallocated*.
to
Treasury Bulletin
Participation In Payroll Savings Plana for United Statea Savlnga Bonda-^
.
.
.
..
.
U
9
S
U
'
September 1944
ki
Sales of Treasury Savings Notes^
-
(Continued)
Table !•- Summary of Sales and Redemptlons» by Series
(Par Tftl'Mi
•
-
(Continued)
iB Blllloni of dollftri)
ii«4««Iitlost tni aieluuxtt
Affiouot
outitanillng
end of
71ma1 y«ar
OF nonth
fliioal
f%T
07 pOBth
Wat ohanga
during
ftioal /tar
or montti
RfloelTad
Id paynant
of tasaa
a/
Ixshangad
fov
nav aarlaa
Radaaaed
for oaab
=t^
iwtci 8 M/
l(,o66.7
1,107.0
3.872.1
i9lta-
3,959.7
I9l*3-
76lt.a
+2,959.7
-2.195.0
1914.
3S.1
-7'»2.6
71*2.6
1,087.1
a.933.3
7S1.S
19.9
76.6
21,5
-53.7
T83.a
-339.3
63.7
23.2
339.3
52.7
20.9
336. J
1.9
at3
8.9
1.6
19lt3-July
,,.,,,,,.
.........,,,..
Au^at
Saptantiar. ,....,.,,..,,,.,,.,,,.,.,,
Octobar.
Noraobar
Dacambar
igljlf- January.
,
.
!
t
.
!
! t I r 1 . I . f T J . T t I . . t » . ! . !
'
r 1 1 1 1
M
1
1
r
1
-27.2
t I ( • ! ! ! » I t I I r » f
1
t
. t
I 1 t !
1 T t . t r 1 1 1 1 r 1 . 1 1 1 1 1 1 1
tt
t
•
-17«.0
.
iiit.it'tttifitrfftfttifiittfttt!..
f
1
•
T
.
•
T
f . I I I t
.
.
.
!
•
f 1
.
f
.
t
t I ! * •
•
t
t
.
.
•
. .
f
•
f
t
f .
-53.2
11.3
-3.0
3.0
2/
7.5U6.7
8.953.6
Au£Uit
Saptambar.
6,715.7
6,828.9
8,320.5
851.7
113.2
l,U9i.6
UlU.O
213-5
,260.0
Octobar.
NoTambar.
Dae ember
8,611.3
8,797.0
8,302.0
290.
I85.8
U60.7
330.2
-U95.0
1136.8
9.233-p
931.0
838.
1,216.1
1.017.1
238.1
,
igUl*-January.
?ebruary.
March.
.
.
,
53.a
lb,1
9.1
51.5
5.6
le.o
6,U6lt.O
*2,983.8
.
6,6
•li.o
9.'*'*7.7
6,U6U.O
.
171.6
7.9
itrlaa
19U3-J\»ly
.1
178.0
It
f * . I I (
19.1
19UJ.
19Ub,
25.6
llt.O
8,
-»,U
.»ll»!.t!llt.||fff..!1
.
July.
27-2
1>I.8
'III
.
.
April..,
M«y
Juna
!
!)
.
•
'
March.
!
I ' ! ! ? t i !
'
877.1
10, 071.
8,98U.5
-1.086.
April.
May...
June.
8,971.3
8,931.'t
-13.2
-39.9
9.'«7.7
516.U
299.7
1U5.1
1.922.3
July.
9,893.0
UU5.2
665.5
1,088.7
5.969.9
6a,e
. I .
.
. . t , I
fff.iti'.t
l.T
5.1*
:l
Treasury Bulletin
^2
Sales of Treasury Savings Notes
-
(Continued)
Table 2.- Sales of Series C Notes, Classified by Denomination-^
TlMal /Mr
or aaath
.
T
1
..
.
.
.
.
September 1944
^3
Sales of United States Savings Stamps
Table 1.- Summary of Sales and Redemptions
(In thousaodB of dollar*]
FiBcal year
or mooth
Net change
during
y
Tot«l
1/
Exchanged for
United States
savings
bonds i/
Cash
•5.1'*3
6,087
9U3
308,621
l'»7.57'*
+1*5,620 6/ 2/
590,268 1/
51*1*.
-16,832
1*08.930
1*25.762
-6,075
-3.117
-2.705
30,770
29.313
28.600
36.81*5
32.1*30
31.3T1
27.1*27
5.001*
31.306
27.098
U.207
197.9'»2
202,1*15
-3.511
35.1*62
32.771
6.202
I*, 1*73
39.565
38.973
35.091
28,51*3
203, 06U
6U9
'*3.585
'*2.937
33.896
20U,906
200,577
195,821
1,81*2
37. '51
3'*.993
1*0.029
35,610
39.322
30,027
33.625
-U,755
781*
35.781*
April.
May...
June.
196, uou
5S2
35.717
35. l?"!
198.1)07
2,003
30.71*8
28,7U5
28.261
23.055
196. 518
-l,b89
22,696
21*. 581*
July.
180,399
-16,119
16.566
32.685
19U1
lAu«. 19Ul-June 19U2.
166,31*1
19UV
213.350
196. 5I8
19Wt.
19U3-JuIy
August ....
September.
207.275
20U,15g
201,1153
October.
November
December.
igllli-JanuaTy.
.
February
March
-'».329
1*1*,
Daily Treasury Statements commencing NoTember 1. 19l*2: prior
thereto. Poet Office Department.
Figures for periods prior to November 1. 191*2 are not strictly comparabls with subsequent data because of the shift to a Dally Treasury Statement basis.
Stamps sold prior to Octobsr 1. 191*2 were
Icnovn as postal savings stamps and were obligations of the Postal
Savings ^Btem but subsequently became public debt obligations.
Estimated on the basis of samples conductsd by the Post Office
Department.
Sales and redemptions commence with May 1. 191*1 when the special
defenss series of stamps went on sale.
The amount of the old
6U7
Total
2/
161,01*8
puly
'
Sales
fiscal year
or month 1/
v.
igiti
,qu,
Percentage distribution
of redemptlone
Rademptloni
Amount
outstanding
end of
flBcal year
or month 1/
Exchanged for
United Statee
savings
bonds 2/
Cash
2/
100.0
100.0
100.0
100.0
100.0
87.1
82.8
100.0
100.0
100.0
85.1
BU.6
86.6
1U.9
is.n
81*.
6,51*8
9.01*0
100.0
100.0
100.0
15-9
18.7
21.1
5.582
5.698
9.000
100.0
100.0
100.0
gl*.3
100.
80.1*
20,771*
6.873
5.690
3,811
100.0
100.0
80.2
8U.5
19.6
19.8
15.5
27.553
5.132
100.0
git.
15.7
127.91*8
18.U685y
U7U.168
352.632
70.1*805/
73.130
5.U7'*
^
12.6 5/
12.9 5/
17.2
87.
13.''
81.3
78.9
15-7
IU.5
85.5
79.9
20.1
3
series of postal savings stamps outstanding on April 30. 191*1 was
$150 thousands.
Dstalls not available for May. June, and July 191*1.
Includes minor amounts which were exchanged for postal savings
csrtificates. These aggregated $123 thousands for the period
August 1. 191*1 through June 30, 191)2 and $55 thousands for the
period July 1, 19U2 through October 3I 19U2.
Net of sales lees redemptions.
See footnote 1/.
Does not include amounts tranefsrred from Postal Savings System to
the Treaeury to cover outstanding stsjnps.
,
Table 2.- Sales, Classified by Denomination
Sales In thousands of dollars
Fiscal year
or month
191*1.
191*2.
19U3.
l9Wt.
191t3-Jnly
August
September.
.
.
.
.
October.
November.
December.
1 91*1*- January.
Total
all
denominations
Percentage distribution of sales
Denomination
10^
6.087
308.621
590.268
126,327
1*08.930
102. 53U
30,770
29.313
28.600
5.W2
1)00
67.1*66
25|f
2,691
167.709
313.691
209.121
$1.00
1,012
1.130
31.583
71.693
13.250
1*6.972
17,691
100.0
100.0
100.0
100.0
U.U25
2.110
1,550
1.192
52.508
32.611
6,56U
15.783
15,361
15.053
2.990
2.803
2.U1O
35,1*62
9.106
17. 1*9'*
39.565
10.1*1*3
''3.585
11.235
20.330
22.129
2.556
2.987
3.187
37.1*51
5,1)09
denominations
50^
28,6ll*
Denomination
Total
all
1»,190
3.382
l',m
5.038
$5.00
851*
$5.00
lOi
25(!
50^
$1.00
6.6
21.9
1*U.2
16.6
9.3
8.9
lU.o
8.0
18.6
10.2
12.2
11.5
9.7
9.6
8.U
lU.U
1U.3
11.8
6.9
10.2
11.2
11.5
7.6
9.3
9.6
25.1
5^.3
53-1
51.1
100.0
100.0
100.0
17.7
51.3
18.1*
52.1*
23.0
52.6
2.708
1.359
1.997
100.0
100.0
100.0
25.7
26.U
25.8
'»9.3
5i.lt
50.8
7.2
7.6
7.3
1.203
950
1.330
100.0
100.0
100.0
29.8
30.0
27.9
50.9
50.9
50.6
6.8
6.3
7.8
10.1*
3.2
2.7
3-3
26.0l*S
21.1*
S:2
".3
Vs
February.
31*.
993
11.150
10,511
March
1)0.029
11.171*
^rll.
35.717
2.768
2.U37
22.696
l*.l*36
18,187
15.878
11,808
2.1*58
3.027
1.183
1.122
987
100.0
100.0
100.0
26.5
30.7'i«
9.U58
7.588
U.120
May...
June.
19.6
50.9
51.6
52.0
7.8
7.9
10.7
11.5
12.1
13.3
u
16.566
3.731
8.370
1.U6U
2.298
702
100.0
22.5
50.5
8.8
13.9
".3
July.
19.072
17.799
20,227
2.51*1
2.363
3.132
Dally Treasury Statements commencing November
I9U2: prior thereto Post Office Department; (2) Distribution by
denominational Ba«ed upon Post Office Department data.
(1) Total
sales:
3.'«5
3.371
l*,l67
3.721*
1,
21*.
7
3-3
Vt
OWNERSHIP
OF
GOVERNMENT
Treasury Balletia
SECURITIES
I
I
September 1944
"^5
Summary Distribution by Classes of Holders of Interest-Bearing Securities Issued
by United States Government and Guaranteed by United States
Treasury Bulletin
U6
Estimated Ownership of Interest-Bearing Securities Issued or Guaranteed by the United States Government
(Par TaluBs 1/ - la blllloni of dollars)
Held ty baalca
End of
month
Total
aaount
outttandlng
Commercial
bank*
2/
i/
Held
Federal
Reaerve
Banks
Individuals
non-bank Investors
yjy
Insurance
companies
!t/
Mutual
earing
banks
Other
corporations
and
aasociatlone
State and
local
governments
U. S.
Oovernment
agenclee and
trust funds
i/
if
1939-Decemher.
1*7.1
19Uo-Jime
"•7.9
50.
5l*.7
63.8
December.
19Ul.j^6
December.
igUS-jtane
December.
19U3-june
December
1/
2/
^/
U/
18.6
16.1
2.5
28.5
18.8
16.3
2.5
19.7
17.5
2.2
22.1
20.0
23.8
21.5
9.9
6.3
3.1
2.1*
6.5
29.1
9-7
6.5
3.1
2.U
7.1
30.7
10.2
6.9
3.2
2.U
7.6
2.2
32.6
10.9
7.0
3.1*
2.1*
8.5
2.3
1*0.0
13-5
8.0
3.7
U.8
9.5
76.5
28.8
26.2
2.6
1*7.7
17.9
8.9
3.9
5-8
10.6
111.6
"17.'*
Ul.2
6.2
61*.
23-5
11.0
l».5
12.1
12.2
139.5
59-5
52.3
7.2
80.0
30.1
12.8
5-3
16.3
1.3
11*.
168.7
71.5
60.0
11.5
97-2
36.9
li'.7
6.1
20.7
2.0
16.9
United Stateo savings bonds are Included at current redemption
values.
5/
Guaranteed securities held by the Treasury are excluded.
Consists of conunercial and stock savings hanks in the United States
and in territories and insular possessions.
Includes partnerships, personal trust accounts, and unincorporated
5/
2/
business.
Includes dealers and brokers.
Includes their agencies and their trust, sinking,
funds, and territories and insular Dosseeslons.
Includes Bxchange Stablll tation ?und.
and investment
Net Market Purchases or Sales of Government Securities for Treasury Investment Accounts
^
(In millions of dollars)
Het market purchases or sales (-)
Jan.
Mar.
ipr.
Sept.
Sec.
8.9
3-7
2.0
-15.1*
9
.8
1.2
-3.9
38.5
1.0
.u
6.5
-37-1
-Mo.U
5.0
3.0
3-3
71.9
-1.2
-2.8
-3.2
-1.6
.1*
9
-.3
-U.U
-.3
-1.1
-.7
-.2
.U
•
5.8
.3
•
•3
-2.3
-8.U
-lt.5
-90.3
-72.9
.k
-35.2
-1U5.8
-67.8
-15.8
-2.7
-105.1
-11.5
-16.5
-10.0
20.5
11.9
1938-
-12.0
-3.0
23.3
2.5
1939.
1.6
.1
-12.5
l9'io..
-9.5
-20.9
-5-7
19U1.,
-2.8
12.0
-5
30.0
19U3.
-IU.5
191*11.
-9.9
1/
Aug.
12.5
119.6
•
July
U.8
5.7
191*2
June
2U.U
lU.U
1937
May
Leas than (5O.OOO.
Treasury InConsists of purchaaes or sales made by the Treasury.
vestneat accounts comprise (1) trust funds vhlch by law are undar
the control of the Secretary of the Treaaury or of the Treasurer of
the United States, and (2) accounts und«r the control of certain
3-9
-It.
60.0
-5.0
U.8
-18.
S. Government agencies whose investments are handled t.hrou£h the
facilities of the Treasury Department. This table also includes
purchases under Section 19 of the Second Liberty Bond Act, as
amended, and excludes the Kxchange Stablllxation Fund.
U.
.
September 1944
^7
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States,
June 30, 1044
In the United States.
Tha following tables present eummar;
data as of June JO, iglrt from the Treasury
Burrey of Ovnerehip of Ssourltles Issued
The
or Quaranteed bj the United States.
banks and Insuranoe oompanies covered In
the survey aooount for approximately 95
percent of the amount of auoh aeourltles
owned by all banks and Insuranoe oompanies
Information on United States Oovernment seourltles owned by various olasses
of Federal Reserve member oommerolal banks
and by nonmember oommerolal banks, as of
June 30, 19W, may be found on pages ^1-'^'^,
All Interest-Bearing Securities
Table 1.- Sunmary:
(In
alllloM of dollari)
Held ty bankt and lunrance oonpanles covered In Treaenry Surrey
Bald
V.
S06 Intoranoe ooapaaleo
Total
enat
outataadlnc
6,787
001
ler-
elal
benko
31
5"^
took
atnal
avln^
•avlnc*
keaki
Innranee
banks
fire,
suit
262
life
eoepanlee
casualty,
ad aarlne
Inaoraaoe
ooBpalae
Pabllo aecnrltiaa;
Markatabla aaourltlea
Iloa-sarketal)la aaoarltlea
Total public aecnrltiee
63.233
1,116
290
7.158
151
l6,U7i
217
lU,2>t2
6
186,772
61*.3U9
295
7.309
16.688
lit.
Total intereBt-beorlac aeoorltiaa iaaaed or
gaaraatoad by tha United Statea 2/
201.059
V
Bald
all other
laveatora
2,229
139
19.505
185
3^.935
77
320
2,368
19,690
78,Wto
lU.2g7
Special leauaa
1/
iiti.sgi
1*5.180
tiy
8.
3oveni&0nt
a^anolaa aad
tmat foada,
•ad radaral
Raaarre
laaka 1/
''3
.505
l>t,287
6't.3U9
7,309
295
Ssoludea Xxchanga Stabllliation Toad.
2/
16,688
1U,320
2,368
78.UI1O
33.978
Osuu-aateed aecarltles held by the Treasury are act included.
Table 2.- Public Marketable Interest-Bearing Securities
PAST A - AKALXSIB OF OWNERSHIP BY TTPSB OF SEOURITX, BY CALL CLASSES,
AND BY TAX-EX£HPTION PROVISIONS
Held by baaka aad laauraaoe coapaalea covered ia Traaaury Survey
Claaalfioation
Total
aaount
outataadia^;
6,787
31
oomar-
Btock
cial
baaka
aavln^
aavla^
baaka
beak!
262
life
inauraaca
ooBpaaiea
autual
Total
Held by
D.
806 laauraaoe coapaalea
5¥» fire,
casualty,
ad aarlae
iasurnce
coapaalea
8.
QovamBent
a^nolaa aad
truat f^inda,
ad ftderal
gald by
all other
iavaatora
Reaerve
laaks 1/
Par 'valusa - ia aillloaa of dollara
Typee of aeeorityi
Secorltiea iaaued by United Statea
Treasury billa
Certifloataa of indabtsdnaaa.
Treaeuxy aotaa
TreaBory bonde
Postal BavlD^ and other bonds
Ouarantaed t7 United States 2/
Total
Call claaaea;
Dae or first becoming callable
Vlthin 1 year
<
1 to 5 yaara
5 to 10 yaara
10 to 15 yaara
15 to 20 yaara
Over 20 years
Various (Federal Housing Adainiatratlon debenturea)
Total
Tax-axeaption proviaiona; j/
Wholly exempt from fadsral income taxss...
Partially exempt from federal iaooas taxss
Subject to yedersl incoms taxes
Total.
l't.73'*
U,89i»
28,822
15.013
11.697
30, 666
17. 1*05
79.21*
196
1.190
21
2ltU
126
2S6
.736
339
337
15.768
15
1
1
91*8
6
26
95
158
13.973
960
9.871
3.826
19.929
2Wt
179
1.795
8,878
3.1*9
1.23«
5.901
10
'I
205
2
21*
•
l6_
11*1.591
63.233
290
7.158
16.U71
ll*.2l*2
2.229
19.505
3'*.935
51 2'»6
2U,736
16,168
18,322
2,299
763
"39
27
27
172
705
2.803
l*gU
12.91*1
12.886
l*.970
1.1*3U
II
33
3.685
2,176
m
1.718
1.1*97
167
1.023
2.936
1.790
317
1.1*73
1,236
U,5l*9
lt.333
U.091
3.981
715
1.003
1.693
7.573
3.001
2.663
7!*!*
386
216
110
3.8l*2
13
12
290
7,158
16.U71
ll».2l*2
2.229
19.505
3'».935
2
12
2.682
13.777
867
1.718
2,1*01
U.89I*
12,521*
12
965
1.253
81*
U6O
6.696
17.019
29.171*
7.158
16.1*71
ll*,2l*2
2.229
19.505
31*.
.
25.061
33.889
9,783
10.2U6
11, 31*3
2lt
l'tl.591
63.233
1,197
23.986
13.1*33
Il6.lt09
U9.568
115
175
lUl.591
63.233
290
232
(Contlnnsd on follovlne
pa^)
935
Treasury Bulletin
4a
Treasury Survey of Ownership of Securities Issued or Guaranteed by the United States,
June 30, 1944 - (Continued)
Table 2.- Public Marketable Interest-Bearing Securities
PART A
Cluslfleatlon
(Continued)
ANALYSIS OF OWNERSHIP BY TYPES OF SECURITY, BY CALL CLASSES,
AND BY TAX-EXEMPTION PR0VI3I0NS-( Continued)
September 1944
1+9
Treasury Survey of Orniership of Securities Issued or Guaranteed by the United States,
June 30, 1944 - (Ckintlnued)
Table 2.- Public Marketable Interest-Bearing Securities
PART B
-
-
DIBTRIBUTION OF OWNERSHIP FOR EAOH ISSUE OUTSTANDINO
(Continued)
Treasury Bulletin
50
Treasury Survey of Otmershlp of Securities Issued or Guaranteed by the United StateSi
June 30, 1044 - (Continued)
Table 2.- Public Marketable Interest -Bearing Securities
PART B
-
Isau«
^)
(Continued)
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTSTANDINO-( Continued)
(Par Taluat - Id allllonB of dollftrs)
(Tax ttatut It staova In parflntheaes
-
September 1944
51
Treasury Survey of Ownership by Federal Reserve Member and Nonmember Comnerclal Banks
of Securities Issued or Guaranteed by the United States, June 30. 1044
The following tables show the ownership of United States Government seourlties by various classes of Federal Reserve
member oommerolal banks and by nonmember
Table 1.- Sumnary:
oommerclal banks which report
to
the
Treasury Survey,
Such data appear semiannually In the "Treasury Bulletin".
All Interest-Bearing Securities
(In mlllioDi of dollars)
52
Treasury Bulletin
Treasury Survey of OimerBhlp by Federal Reserve Member and Nonmenber Comnerclal Banks
Of Securities Issued or Guaranteed by the United States, June 30, 1944 - (Continued)
(Continued)
Table 2.- Public Marketable Interest-Bearing Securities PART A
OlMslflcstlon
-
ANALYSIS OF CWNERBHIP BY TYPES OF SECUHITY, BY CALL CLASSES,
AND BY TAX-EXEMPTION PROVISIONS-( Continued)
6
)
September 1944
53
Treasury Survey of Oimershlp by FMeral Reserve Hevber and Nomeaiber Covnerclal Banks
Of Securities Issued or Guaranteed by the United States. June 30, 1M4 - (Continued)
Table 2,- Public Marketable Interest-Bearing Securities - (Continued)
PART B
-
DISTRIBUTION OF OWNERSHIP FOR EACH ISSUE OUTSTANDING
(Par Taluaa - In nlllloni of dollar*)
Member commarclal banks
Total
6.787
commercial
banks
Total
U.515
commercial
(taxable)
I*,g9l*
''.355
1.625
1.258
taxable
(taxable)
(taxable)
1.71*7
1.627
1,911
2.277
528
367
868
2,1*60
Ul
70I*
(taxable)
(taxable)
(taxable)
2,1*1*5
2,260
91 1*
1,980
3,165
1,851*
2.927
(taxable)
(taxable)
1.17'»
1.095
Ul
21
15.013
13.972
5.3OU
U.266
l.03«
5,588
3.079
i.oUe
I107
150
26
383
5
62
139
10
665
118
10
386
uu
26
321
13
81
2
55
352
131
253
•
109
682
(Tax statue Is ehovn In parenthesei 1/)
Traasury bllla
Certificates of iBdebtedness
lu«ust
19557
flsi
September 19Ult
7/ii
igWt
October
7/g*
7/8)(
T/Si
7/g<
7/8*
7/8*
December
Jsbmarjr
April
I9UI1
l?"*?
19'*5
19115
June
I9U5
(
Total certificates of Indebtedness.
Treasury notes
Septeabar
Septembar
1*
March
.90*
2.002
member
banks
2,272
Central Baserre Olty banks
Total
50 Central
Beeerre City
banks
35U
37
New Tork Clt/
banks
13
Chicago
banks
J£L
RaBerre Clt7
tiankt
U.lll
country
banks
noimeiiilwr
cotonerclal
banks
1.905
825
539
161
65
160
662
666
877
''38
120
92
183
767
ll*8
819
815
922
60U
7t3
211
721
526
317
179
1.332
673
328
21I*
nu
1*96
272
16
536
L.
185
126
238
79
20
§1*5
(taxable
(wholly
(taxable
1.556
1,U3U
9U5
9U5
9U5
(wholly
(taxable
(taxable
167
1,191
382
1,116
iW
March
March
December
I*
1-1/2*
1-1/U*
March
December
March
9lt£
359
2,512
119
3lU
2.338
9U7
(taxable
(taxable
(taxable
1-1/2*
1-1/2*
Septembar
91*7
.')kS
2,107
2,803
1.857
Septam'bor
(taxable
(taxable
2,51*2
993
921
72
731
11.697
10,602
3.556
2,982
57''
3,882
(partially
(partially
(partially
1*60
1*50
277
258
ll*2
Uo
66
277
258
28
aU
15
10
1*89
305
282
99
105
511
100
59
(partially
(partially
(partially
195
185
1*28
llOU
321*
310
(partially
(partially
(taxable
33«
327
539
1-1/u*
9ltU
9Ult
9lt6
Total Treasury note
Treagurr bonds
December
2-3/t* September
2-1/2* December
T*
9ltlt-SU
9U5-M7
9U5
X
1*7
121*
31*1
27
510
99
86U
lU
1*29
97
65
630
1*38
33''
git
102
193
159
166
112
157
188
285
27I*
780
2,027
321
21*6
1*29
755
93
57"
82
181
661
161
106
611
67
15U
223
19
15
79
219
235
27
120
192
182
305
UU3
155
9U9.5I
3-1/8*
2-1/2*
91*9-52
91*9-53
(taxable
(partially
(partially:
2*
2*
2-1/2*
March
September
September
950-52
950-52
950-52
(taxable
(taxable
(partially
2-3/1**
June
September
September
951-5'*
(partially
(taxable
(partially
971
921*
l*,li07
3.906
298
279
December
December
March
951-55
951-53
(taxable
(partially
(taxable
360
851
298
301
57
57
796
262
210
97
June
June
June
952-51*
(taxable
(taxable
(partially:
1*1*1*
3''3
711
610
621
583
11*9
(partially:
(partially:
1.63
2*
3*
2*
2-1/'**
2-1/2*
2*
2-1/1**
2*
2-1/lt*
9U9-51
951-53
951-55
952-51*
952-55
953-55
June
2-7/8*. March
2-1/2** March
951*- 56
2-1/U*
2-3/U*
September
September
June
December
March
September
2-3/1'*
2-3/''*
2-1/2*
2-1/2*
76
26
27
27
2U
3>'
11
3''
57
2.219
(partially
(taxable
(taxable
U53
699
927
1*25
301
135
208
181
1.1*1*5
1.290
285
l.lUl
38l*
32U
60
78
1*8
316
2gl*
30
33
J63
606
219
1,266
U28
670
270
228
28
66
U2
399
779
360
U39
896
215
361
31''
1*8
1*00
1.251
87
1,181
70
32
1,118
116
16U
1.537
156
191
98
59
71
29
89
39U
67
6
2
66
lOl*
28
75
217
278
101
101
711
26s
262
157
58
3''
213
31
ite
"3
81
U
1*01
126
200
120
81
31*1
304
1.206
2.662
920
625
8U1
2.3''5
81*5
56
11
897
(taabla
27I*
229
92
222
U6
956-59
956-59
95«-63
(taxable
(partially
(partially
287
UU3
398
217
2
1
1
1*18
69
53
9U
369
l63
112
Ul
151
59
13U
960-65
965-70
967-72
(partially
(taxable
(taxable
762
59
702
150
68
880
72U
Total Treaaury bonds.
10
2U
lU
(partially
(taxable
(partially
1*32
82l*
955-60
956-58
22
17
25
December
December
December
2*
2*
91*9-51
1.095
221
9U8-5O
s
3.16U
35
12
December
June
September
9Ug
817
250
262
"3
111
155
2-1/2*
91*8
633
65>
127
2U1
192
9U«-51
690
766
79
36
March
June
September
9lt«-50
U5
175
lU
n
9l*6-U9
Ul
139
69
9U7-52
9U7
U-l/U*
Ul
^'1
116
October
December
March
1*1/8*
lou
3
123
Ul
1*2
91(6-56
9lt6-l'g
233
81*
March
June
June
3-3/''*
•
30,666
63
27.71*9
8,928
(Contlnuad on following pa<*)
7.312
39
75
169
316
75
U7
501
19
II
38
^5'
70
26
29
221
60
188
,'^
U35
16
157
10.203
8.618
2.917
"^6
1.616
II
lOU
123
1*2
39
36
211
20
5*^
Treasury Bulletin
Treasury Survey of Ownership by Federal Reserve Member and Noiaenber Coanerclal Banks
Of Securities Issued or Guaranteed by the United States, June 30, 1044 - (Continued)
Table 2.- Public Marketable Interest -Bearing Securities - (Continued)
FART
B-
DISIRIBniIOH OF (WNEHSHIF FOR EACH ISSUE OUTSTANDIlK>-( Continued)
(Par raluat - la nllllons of doliari)
(Tu
status Is
shon
In
parastheui 1/)
September 1944
PRICES
55
AND
YIELDS
OF
GOVERNMENT
SECURITIES
(Including Becurlties issued by Federal agencies)
56
Treasury Bulletin
Over -t he-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
July 31, 1944
Table
I.
Securities Issued or Guaranteed by the United States Government
PART A
Amount
outstanding
(Millions)
-
TAXABLE BONDS, NOTES, AND CERTIFICATES
September 1944
57
Over-the-Counter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
July 31, 1944 - (Continued)
Table 1.- Securities Issued or Guaranteed by the United States Government
- TAX-EXEMPT BONDS AND NOTES
FAHT
Price data
(Price decimals are
thirty- seconds)
Junount
outstanding
(Millions)
yield data 1/
Change
Description
in
Mean
(Continued)
mean
Tlold
from
1/
rune 3(
June3Ci
Change
In
yield
froo
Sate
of
Issue
MatuJ
rlty
ylold
Price range
since first traded 2/
(Price decimals are
thirty-seconds)
I9UU price range 2/
(Price decimals are
thirty-seconds)
HI*
High
Lov
Price
Price
Low
Date
Price
103.06
103. lU
103.15
106.09
105.09
1/11
1/11
1/11
l/U
101.12
102.16
102.22
105.03
1/12
10". 13
1/11
1/10
5/15
"/25
10". 20
Sate
_19M.
Issued by
IT.
S.
Oovemment
Treasury bends
«1.037
1,21U
51*1
2-3/U*
2-1/2*
1(89
3-3/'t«
1,036
819
759
701
1,223
U51
571
U91
1,786
1,186
1.627
755
1,118
725
12/15/UU-5U
9/15/U5-U7
101.11+
102.15
102.22
105.02
IOU.12
101.12+ 101.12
102.16 102.16
102.21*
102.23
105. OU 105.03
lOU.lU IOU.13
.08
.OU
.03
.08
.08
6/15/U6-U9
10/15/U7-52
12/15/U7
10l*.19
IOI1.2O
3/15/118-51
106. 18
106.16
110.25
IOU.O8
106.19
106.17
•09
.05
.05
•03
.02
.6U
9/15/'W
IOU.2I
110.26
IOU.O9
106.20
106. 18
IOU.3O
110.17
107.07
107.19
109.17
IOU.29
110.16
107.06
107. 18
109.16
.03
.01
.06
.00
.02
.85
111.09
107-01
105.20
107.10
112.11
111.08
107.00
105.19
107.09
112.10
.03
.09
.08
I.3U
1.25
.01
.02
i!u6
1.61
111.21*
111.25
111.31
111.23
111.2U
111.30
.02
.00
.03
1.68
1.79
1.90
103.28
106.12
I3U.16
103. 2U
106.06
133.2U
.OU
.06
.00
.06
1/1/16
.01
.01
1/1/17.
.85
9/15/1*1*
100. 03< 100.01*+ 100. oU
.00
0/32
.1*0
3/l5/'t5
100.09
100.10
.02
.25
.lU
12/15/1*5
3/15/''6-56
6/15/U6-U8
3*
3-1/8*
U-l/U*
Si
2-3/'**
2-l/2)(
110.24
IOU.O7
2*
3-1/8*
2-1/2*
2-1/2*
2-3/U*
12/15/1*8-50
10l*.28
12/15/U9-52
6/15/51-51*
110.15
107.05
107.17
109.15
'*
.
2-1/U*
9/15/51-55
12/15/51-53
6/15/53-55
111.07
106.31
105.1s
6/1 5/ S"*- 56
107. 08
3/15/55-60
112.09
681
2,611
2*
2-1/U*
2-7/8*
982
919
2-3/''*
2-3/'**
1,1'85
2-3/U*
12/15/1*9-53
9/15/50-52
111.22
9/15/56-59
111.23
6/15/58-63
12/15/60-65 10/ 111.29
.10*
3.8't* I2/I5/2I* 116.19
9". 06
•51
.01*
1.92
99.27
51
.OU
.00
.03
.29*
•59
.63
.83
• 72
.90
.88
l.U
1.12
1.21
1.30
.05
.03
.07
.06
.05
.oU
•03
.05
.02
.02
•03
.05
.03
.00
.00
.00
.00
.00
3.22
1.82
2.12
2.77
1.69
1.77
1.67
1.51
1.70
1.88
I.U5
6/22/39
110.12 I2/I2/I1O
1/11/32
9/17/35
9/16/35
12/15/37
3/15/26
6/15/3"
109.21* 12/l"/"0 101.31 12/15/37
II6.1U 12/l"/"0 89. 18 1/12/32
6/15/31
10/16/22
12/15/38
3/16/36
3/15/38
113.19
122.22
107.20
111.18
111.01
12/8/39
12/15/3"
12/15/36
9/15/38
6/15/36
112.28 12/l6/"0
97-28
9/17/3"
83.05
98.18
99.1"
12/12/"0 99.10
12/12/"0 100.30
1/11/32
10/8/23
9/25/39
"/1/37
U/2/38
105. 18
107.00 12/12/1*0 101.10 5/2"/"0
115.01* 12/12/"0 101.07 12/15/3"
108.28 12/10/"0 96.19
V8/37
108. 30 12/10/"0 99.15 9/25/39
110.26 11/12/"1 98.16
Vl/37
10". 29
12/l"/"0
12/l"/"0
12/12/1*0
111.25
10". 13
106.29
106.27
110.22
107.07
107-2"
109.20
5/2
7/31
U/21
7/28
5/9
1*/12
110.25
10". 03
106.16
106.09
7/31
7/31
7/29
7/31
7/31
7/31
7/31
7/1
7/1
1/3
10". 09
1/"
110.05
106.16
106.30
108.31
2/2
2/3
2/3
1/11/32
5/2"/"0
2/15/"l
7/2U/U0
9/20/35
111.16
107.02
105-21
107.22
112.19
2/2"
1.5s
1.96
9/15/31 113. 2" 12/30/"0 82.08
12/22/39 107.02 7/28/"" 101.08
10/7/1IO 105.21
V7/"" 101.19
7/22/1*0 107.22
3/7/"" 102.02
7/6/"3 98.30
3/15/35 112.28
3/3
106.22
111.17
1.86
2.00
2.06
9/15/36 112.13
6/15/38 112.13
12/15/38 112.28
"/1/37
9/25/39
9/25/39
112.02
112.03
112.10
3/6
3/6
3/3
111.01
110-28
111.03
2/3
[105.0"
1/17
2/21
7/31
103.2"
106.06
130.28
7/31
7/31
3/1
1.1*1*
7/28
3/7
110.31
106.02
10". 22
2/5
1/3
1/3
1/3
"/27
7/6/"3
7/6/"3
7/6/"3
98.10
99.15
99.1"
115.00
1935
75-00
6/1/11 133-2"
7/31/""
75.00
6/18/21
12/9/"0 100.01*
8/6/"l 98.26
6/10/1*0
100.18
100.20
1/"
3/25
100.0"
100.08
7/31
7/21
9/25/39
101.0"
1/13
100.25
7/29
5/1
5/1
Other bonds 11/
16
50
- 1/1/U6
3* Conversion
- I/I/U7
3* Conversion
3* Panama Canal - 6/I/6I
103.20
106.00
133-00
1920
1'^°
V 107.02
133.2"
Treasury notes
283
718
1*
3/t*
100.10
Ouaranteed by
Home Owners' Loan Corp
755
1-1/2* N
-
6/l/"5-"7
TJ.
12/22/39 102.16
3/15/1*0 101.16
8.
7/31/""
OoTemnent 2/
.
100.25
100.27
100.26
-.0"
-52*
05* i.a*
When the price of a security Is such as to result In a negatlre
yield, the excess of price over lero yield Is given In the yield
col\ifflns in thlrty-eecondsPrlces represent the mean of closing bid and ask quotations In the
over-the-counter marlcet except that prices of Treasury and Home
Owners' Loan Corporation bonds for the period prior to October 1,
"When
1939 represent closing prices on the Hew Torlc Stock Ixchange.
Dates of
Issued" prices are included beginning October 1, 1939highs and lows. In case of recurrence, are the latest dates.
Computed on mean price to call date when mean price is above par and
to maturity date when mean price is below par.
Included in the average of long-term taxable Treasury bonds.
Quoted on yield basis.
6/1/39 103.26 12/l3/"0
6/
Jj
8/
£/
10 /
11 /
96.2"
Prom July 7 through July 21, quotations are on basis of zero yield
plus premium per thousand dollars- Prom July 22 through July 3I.
not quoted.
Prom July 28 through July 3I, quotations are on basis of sero yield
plus premlun per thousand dollars.
This security was issued on August 1, 19"", in the amount of |2,512
Billions.
excludes Pederal Rousing Administration debentures and Issues held
entirely by Oovernment agencies.
Included in the average of long-term partially tax-exeispt Treasury
bonds.
Xxdudes postal savings bonds.
58
Treasury Bulletin
Over-the-Goimter Closing Quotations on Public Marketable Securities Issued by the
United States Government and by Federal Agencies
July 31, 1044 - (Continued)
Table II.
Amount
outstanding
(Mllllont)
-
Securities Issued by Federal Agencies but not Guaranteed by the United States
September 1944
59
YIELDS
OF TREASURY SECURITIES JULY
Based on Mean of
ClosiniJ
Bid
31.
and Asked Quotations
1944
Treasury Bulletin
60
Average Yields of Long-Term Treasury and Corporate Bonds
(Porcent per annum)
Partially
HighTaxable
tax-exempt
grade
Treasury
Treasury
corporate
bonds 1/
bonds 1/
bonds 2/
HighPartially
Taxable
taz-sxempt
grade
Treaeury
corporate
Treaaury
bonds 1/
%onda 1/
bonds 2/
Dtt*
Partially
Hlghgrads
Treasury corporate
bonds 1/ bonds
2/
tax-exe^t Taxable
Treasury
bonds 1/
Nanthly series ^J
1936-Jan
2.81
2.78
2-73
Teh
Mar
^r
.26
.2U
1939-Jea.
reb..
Mar..
2.5U
2.51
2.U3
2.96
2.90
2.87
19U2-Jan.
Peb.
Mar.
2.10
2.17
2.10
2.lt<
2.U8
2.1)6
2.76
2.80
2.80
2.70
2.68
2.69
.2U
.22
ipr..
May..
June.
2.38
2.27
2.22
2.92
2.86
2.78
Apr.
May.
June
2.07
2.06
2.0U
2.1|lt
.19
July
Aog
2.68
.18
July.
*»«.
Sept
2.65
.15
Sept.
2.76
2.79
3.29
Aug.
Sept
2.OU
2.06
2.08
2.>t6
.18
2.23
2.27
2.67
July
2.61t
Oct
2.68
2.60
2.59
.lU
.11
.07
Oct..
Not..
2.60
2.35
Oct.
Sot.
V»e.
2.'»5
Sec.
3.IU
2.93
2.86
2.09
Hot
Sk:
2.10
2.13
2.U7
2.U9
1937-Jen
Teb
Mar
2.56
2.5U
2.66
.09
.2U
.36
19U0-.Jan..
2.30
2.32
2.26
2.81
2.79
2.77
I9't3-Jan.
Peb.
2.11
2.11
2.12
2.U6
2.U6
*pr
May
June ....
2
2
•"^
2.26
2.39
2.7ll
ipr.
2
2.87
2.93
Meor.
2.1t0
2.05
1.96
1.91
2.U8
.36
.31
Apr..
May..
June.
July
An*
Sept
2
.27
2.85
2.80
2.71
Aug.
Sept
1.91
1.92
1.90
2.1)5
2.1)6
.26
2.30
2.31
2.25
July
2.82
July.
Aug.Sept.
Oct
2.82
2.78
2-73
.26
Oct..
.22
.17
OT..
Dec.
2.21
2.09
2.01
2.70
2.65
2.59
Oct.
Hot.
Sec.
1.90
I.9U
1.95
2.12
2.22
2.12
2.57
2.71
2.73
19>tU-Jan.
X.95
1.93
1.91
2.1)9
2.76
2.75
2.70
i^,r.
l.»»
1.9*
1.91
Z.MB
2.U9
J^ne
2.l»9
2;Si
2.58
2.58
2.66
2.65
2.6U
JtOy.
l.«9
2.^
2.59
•tay
June
.
,
.
2
Hot
Dm
193g-Jan
Teb
2.69
2.68
2.68
Iter
^r
.
:ii
2.66
2.56
2.58
ttay
Jtae.
.17
.
July
ta«
8«pt
2.
2.63
II
Oct
.55
,56
lOT
See
.56
Peb..
Mar..
I9ltl-Jan.
Peb..
Mar..
^r..
Hf..
•15
June.
2.07
2.04
2.01
.12
.10
.12
July,
tag..
Sept.
1.98
2.01
2.02
.06
.ou
.02
Oct..
Hot..
Ow)..
1.98
2.3'»
2.06
2.TU
2.U7
-.11
2.58
2.I16
Mar.
June
Peb.
Mar.
M«y.
2.'»5
2.1*3
2.U7
2.l»6
2.1)8
2.1)6
2.1»5
2.1)8
SM
SM
2.1)9
2.1)9
2.77
2.76
2.75
2.7»
2.73
2.73
2.72
2.71
2.72
2.70
2.68
2.70
2,68
2-65
2.63
2.58
2.57
2.59
2.60
2.61
2.63
2.g
IS
2.61
2.57
2.68
Wee]cly series - Satur^sv figures k/
19UI»-Mb.
2.1)9
2.66
2.66
2.65
2.65
U
11
18
25
1.89
1.90
1.91
1.93
2. 1)9
2.66
2.U9
2.1W
2.6>*
2.1*8
2.6U
2.62
1
1.90
2.1*9
2.59
1.90
2. 1*9
2.59
1.90
1.89
1.88
1.88
2.1*9
'1
Mar.
2.1)9
$.
11
I.9U
1.92
1.90
2.1)9
I
2.1)95/
19l)l)-Apr
MV
I.9I)
2.1)8
1.93
1.93
1-93
1.96
2.1)8
1.95
2.1)9
l!9*
2.1)9
1.9!)
2.1*9
2.1*8
2.1)8
2.1)9
2.1*9
2.61
2.62
2.62
2. 60
2.60
2.59
2.59
2.57
2.57
l9l*lt-juiM
3
10
17
21*
July
1.91
1.92
1.91
1.89
2.1*9
2.U9
2.1*9
2.1*9
1
8
1.90
2.1*9
l.U
2.1*9
15
22
29
l.«9
1.89
1.90
2.1*9
19l*l*-JBly 21
l.«9
1.89
2.1*9
2.1*9
2.57
2.5«
2.59
2.59
2.59
2.60
2.59
2. 60
2.60
Sally earlee
I9Ul«-Jaly
I
I
7
S
10,
u
1.88
1.88
,^
2.1*9
2.1)9
2.1)9
2.1)9
2. 1)9
19l)U-Jttly 12.
15.
2.60
2.60
2.60
2.60
2.60
17.
18.
19.
20.
1.88
1.88
1.89
1.89
2.1)9
1.89
1.89
1.89
1.89
2.1*9
2.1*9
Baals of CoapatatlOBt
(1) Treasury bond yields are ooapnted on the baale
of the aean of closing bid and aak quotations in tha oTsr-th*oonnter aarfcet, beginning Septenber 2. ISUlj preTloualy, oloeing prices on ths Hew Tork Stool: Exchange were used on days
etaen sales took plaoe on the Izchjnge in a particular iesua
and the aeaa of closing bid and aak quotations on the Hev Tork
Stook Ixohjuge on days when no sales took plaoe.
(2) Corporate
boad ylelda are coBputed on the baais of oloslng prices 00 the
lew Tork Stook ixohange and the Hew Tork Curb Sxohange; on daye
wiken aa ieeua doee not ssll, ths prioe of the last preoedlac
sale is need.
Per aonthly Bid weekly figores back to J^uary 1933* sea
B atfk Plgareei
•Treaaory MllstlB' for April IS^. pages 57-61.
1/ Average of Treasury bonds neither due nor oallahle for fifteen
years.
Por diaousslon of ooaposition of arsrage sae 'Treasury
BolletlB' for Marsh 19UI*, page $8. Partially tax-exesipt bead*
2.1*9
2.1*9
2.1*9
2.1*9
2.1*8
i/
i/
y
2.60
2.59
2.59
2.59
2.58
2.59
2. 60
2.60
22
2.1*9
2.1*9
2;l»9
27
28
29
1.91
1.90
1.90
1.90
1.90
1.90
31
1.90
2.1*9
2l*
2.1*9
2.1*9
2.1*9
2.1*9
2.60
2.60
e.6o
e.6o
2.59
2.59
2.1*9
2.59
ar« thoi* %h» lat«r«tt on lAldh It •!€?% froa tkt loraal rsl**
•f thm r«d*rkl InooM t«z.
(In ddlilon, latcnit Aarlvtd fvoa
$5*000 •4grtBi%» prlnolp&l aaount of partl^lor tftx-^x*api Tr««aUTT >)Onds and Uoltod Statei smTtof* bondt lifu*d bofor* Umrdx 1,
1941 It tztapt froa tbt tor^tx ratti of tht 7tdtr«l laooat ttx.)
Tazablt boadt art thott tht Inttrtit cm vhloh li nbjtet to both
tht noraal aad ttu^ax rattt of tlu 7tdtr«l i&ooat tax.
for dltoattlos of ooapotltlOB of hl^irtiW oorparatt \oa£ «r»rac«, ttt "TrMmJ7 BGdlttla* for April 19l»3. pM* 6i>
MoatlOy a^tra^tt of dall/ flfortt. ?rltr to April 1, 1938* oorporato boadt art wtra^tt of SakTirda/ flforti.
Oa dagra vhtn tht txohiKctt art oltttt* t^ 4*tt tad prlo«t tf
tht irtTloaa daj art ostd.
Indloattt oh«B^ in coapotitioa of avarac**
Holidaj.
September 1944
o
o
CD
liJ
o
Qq:
o
o
>-
61
62
Treasury Bulletin
GOVERNMENTAL CORPORATIONS AND CREDIT
AGENCIES OF THE UNITED STATES
U
U
September 1944
63
Assets and Liabilities of Government Corporations and Credit Agencies
June 30, 1044
(In mlllloDS of dollftrs)
Intera^nC7 assets
Inveitosntt
Corporation or a^ncy
Total
Loans
farred
capital
stock,
etc.
Banks for cooperatives
Cofflmodlty Credit Corporation.
Disaster loan Corporation....
Xxport-Ioport Bank of Washln^on.
farm Credit Administration
Farm Security Adjnlnlstratlon
Cash
y
nent
ecurltlai)
230.6
1.798.3
20.6
lUj.O
3Ug.5
2-3
22.9
10.5
283.5
U19.0
222.6
232.5
U02.8
u
514.3
0. S.
flov«ra-
18.0
Federal home loan banks
Federal Housing Administration....
Federal intermediate credit banke.
283.7
lU«.9
376.8
128.3
30"*. 1
22.7
19.9
17.C
131.9
75-5
36.0
1.825.9
62.1
20.5
l.2lt5.5
37-U
228.3
552.3
309.9
Inderal Works Agencyt
Public Works Adiilnistratlon
War Public Works-community facilities
Home Owners' Loan Corporation
Inland Waterways Corporation 6/
Interior Department (Indian loans).
Panama Railroad Company 6/
Production credit corporations
Puerto Rico Reconstruction Administration
Reconstruction Finance Corporation S/....
Regional Agricultural Credit Corporation
of Washington. D. C. 10/
RFC Mortgage Company. The
Rural Xlactrification Administration
Tennessee 7alley Authority
3-1
72.
687.8
172.0
'15-7
1.7
550.3 U/
16.8
OoTemoent
corporations
.1
17.0
10.1
1-3
177-0
U1.3
69-7
2.1
31.3
32-9
1-9
•
3
.8
176.0
.6
59-7
9.9
151.6
3.'t
i9.lt
.9
25-7
366-7
Federal Public Bousing Authority
Fbderal Savings and Loan Insurance
Corporation
Federal Secxirlty Agency - student war
loans 6/
guaranteed %7
United
States
Capital
stock and
paid-in
surplus of
59.6
775-1
625.9
ftderal land banks jj
Federal Hatlonal Mortgage Association...
Inderal Prison Industries, Inc
JLc counts
tlai
1*3.3
Federal Crop Insurance Corporation
Federal Deposit Insurance Corporation 6/.
Vbdaral Tajn Mortgage Corporation
5.^
Eaal es- Doe from
Ooveratate and
and other
other
nent
recelvaUlei
business corporaproperty tions and
agencies
Saciipl-
38.1
2.1
1.2
112.0
1.7
2.3
U.9
187.6
1*2.5
7.2
5.1
1.0
IU6.8
3.8
3-2
.1
17.0
5.6
e
6.U
.2
72.U
t.5
l,52U.l
2U.6
1.220.1
H
3-1
't-5
100. U
1.1
15.0
6.3
70.6
9.1
15.5
123.2
.7
57.8
'•^
,
31-3 2/
71.8
M6.3
.U
6.6
22.5
10,225.3
1.33U.6
63.2
20.6
128.9
369.5
722.7
113.9
3U8.0
316.U
1*2.3
3.»'
.8
61*.
3
.5
.2
100.0
2.6
16.0
U3.U
2.0
.2
6.3
8,00lt.2
33-0 2/
160.7
.2
2.6
6.5
6-3
705.it
lU.l
3-1
35-7
25.8
U.7
8.9311.0
128.1
555.2
382.0
52-9
7.87U.2
ui.o
7-'*
lt.lt
Tennessee Valley Associated CooperatlTss,
.3
.2
Dhltsd States Maritime Commission
War corporations and actlwitles (World
War I) 12/
9.132.5
lU.l
War corporations (World War II) IJ/
War Shipping Administration
9.315.1
1,086.1
231.3
Other Oovemment agencies lU/.
12,210.8
25.2
U.7
QroBS total.
53.197-7
7.187.7
368.8
Inc.
liy
Adjustment to •llainate Interagency
Interests
Set total
117.3
3.0
"•.3
l*.3
3.0
U.o
sui.i
it32.9
.7
12.153.3
610.2
1.523.6
177.6
382.3
1.970.2
1,701.6
-21,360.2
31,837.6
7.I87.7
368.8
610.2
1.523.6
177-6
(Continued on following page)
382.3
1.970.2
1,701.6
20. 722.
637.7
.20, 722.
-637.7
17.915.6
17.915.6
Treasury Bulletin
6k
Assets and Liabilities of Government Corporations and Credit Agencies
June 30, ld44 - (Continued)
(In mllllonfi of dollars)
Liabilities and reserves
Proprietery interest
Llabllttlee
Corporation or ae«ticy
(hiaranteed
Not
by United
States
guaranteed
(Includes by tfeited
accrued
States
Interest)
Banks for cooperatives
CoDiDodity Credit Corporation.
Disaster Loan Corporation. ••
18.7
2,0U0.U
U17.U
.1
.1
S6.9
20U.1
179-9
79-9
Federal Crop Insurance Corporation
Federal Deposit Insurance Corporation 6/.
Federal Farm Mortgage Corporation
2.5
U85.8
Ug2.l
Federal home loan banks
Federal Housing Administration....
Federal intermediate credit banks.
80.2
36.3
287.0
Federal Public Housing Authority
Federal Savings and Loan Insurance
Corporation
Federal Security Agency - student war
loans 6/
Federal Works Agency:
Public Works Administration
War Public Works-conniunity facilltle
Home Owners' Loan Corporation
Inland Waterways Corporation 6/
RFC Mortgage Company, The
Rural Ilectrlflcatlon Administration.
Tennessee Valley Authority
Inc.
17.0
900.0
.2
1.1
16.
7.0
20lt.0
176.1
1.0
1*1*.
23.9
\:l
7-2
U77.I*
365.0
79.7
12.2
286.9
l.U
6U.5
•5
,281.2
-6
1.7
1.6.5
70.2
.8
U06.I
.1
2.U
2-U
.1
.1
I.U58.2
1.5
821.5
1.2
100.5
235-9
80.0
U/
2,050.9
War corporations (World War II) Ij/--.
War Shipping Administration
10,201.
615.7
.1
27'»-0
29
1
•
9.509-7
United States Marltima Commission
War corporations and activities (World
War I) 12/
Other Government agencies lU/
Other
.1
1,^52-0
Tennessee Valley Associated Cooperatives.
Treasury
3-5
Interior Department (Indian loans).
Panama Railroad Company 6/
Production credit corporations
Puerto Rico Heconatruction Administration
Reconstruction Finance Corporation 8/. ..
Regional Agricultural Credit Corporation
of Washington, D. C. 10/
Due to Gove mine ct
Hecorporations and
serves
agencies
.6
706.1
Sxport-Import Bank of Washington.
Farm Credit Administration
Farm Security Administration
Federal land banks j/
Federal Rational Mortgage Association.
Federal Prison Industries, Inc
Owned by United States
176.2 2/
398.0
7.9
Sxcaee
of
assets
(Total
Prlately
proprie- owned
tary interest)
Total
Coital
stock
Surplus
1^/
Ronstock
September 1944
65
Sources of Funds of Certain Government Corporations and Credit Agencies
for the Complete Fiscal Year 1944
CorporetloD or a£eDC7
Treasury Bulletin
66
Veee of Funds of Certain Government Corporatlone and Credit Agencies
for the Complete Fiscal Year 1944
Ixp«neee
Corporation or agenc7
Administrative
Central Bank for Cooperatives
Commodity Credit Corporation
$
Retirement of
obligations
^rchaee and
Improvemant of
property
owned
NonednlnlB'
tratlTe
Loane
Issued In
exchange for
Bortga^s
$22U,63U.i99
10U,750
5.''73.76U
»U, 023,968,5311
137,637,926
Disaster Loan Corporation
303.65"*
-5,l'*5
1*60.058
liport-Import Bank of Vaeblngton
306.620
U,9go
29,323,630
Inderal Deposit Insurance Corporation
3,992.9'*6
federal farm Hortga^ Corporation
7.785.002
federal home loan banks
1.251.358
federal Hatlonal Mortgage Association
federal Public Housing Authority
7.
222,500,867
500, 09U
735.077
2,1»1A,223
25.655
Home Owners' Loan Corporation
13,i46U,076
Reconstruction finance Corporation 2/
8.96'».757
856.919
Rural electrification Administration
War corporations
^
Total
Corporation or agency
602,326
-9.913
2UO,Uoll,278
51*3.938
-116,851*
1*9,790,676
$58,885,892
»303.3'*'».'*93
t -9,880.632
Reconstruction finance Corporation 2/
1.027.035,962
$720,206,025
Other
expenditures
Total, uses
of funds
Interest and
dividends paid
650,521
11*7.533
3.121,898
255. 160. 382
-22,958.608
-3.119.159
123,71*2,066
2.3''3.353
-37U,290,675
2.599,659
1*83.932
203,877.208
11.103,970
-17.167
12,659.871*
2,695,873
10.129.997
.l,oUU.Ug3
-56.858.160
-1*148.835
725,270,091*
759, 729
3,036,31*0.698
-2.000.000
36.329.530
2. 716. 953.
183
66.656,739
6.686,6olt
Source:
1/
2/
^
35,11*2,707
9,536.850
Sural Xlectrification Administration
Total.
1,71*5,651
31,01*8,079
29. 323.508
2. 655. 186
^
215.656,372
U, 31*5. 271,371*
13
RJC Mortgage Company, The
War corporations
t
10,812, 8U9
115,537.095
-1*5,880,100
federal Public Housing Authority
Home Owners' Loan Corporation
$8, 682,571*, 821*
986.172
-9,1*00,000
federal lational Mortgage Association
federal Savings and Loan Insurance Corporation.
58,770,975
t
-80,090,729
$
Ixport-Import Bank of Washington
federal home loan banks
909
U, 61*1,372,
Allocations, rediscounts, and loans
to other government
corporations and
credit agencies (net)
Disaster Loan Corporation
federal farm Mortgage Corporation
1720,206,025
18.1*78,087
287.509.'*33
Investments
350
2,295,232
2.558,106
Commodity Credit Corporation
federal Deposit Insurance Corporation
U, 578,
1.119.157
lU.5U5,Ol*3
(net)
Central Bank for CooperatlTes
337,900
l'*.595.128
699.136
l401.UttU
HfC Mortgage Company, The
'31.185
30,U9i,699
1,61*5,863
9.163.069
federal Savings and Loan Ineurance Corporation.
1/
1*.
369.932
!*/
8,919,1*25
51*.
099. 797
27,722,797
2.000,000
66.735,111*
1.937.753
I.O36.70U.355
6.109.575.583
»-Ul0.5O3,555
12.695.193.71*0
*17l*.57lt.090
$1,305,1*69,582
HI*. 556. 781,050
Reports received from the corporatlone and agencies. Data on
basis of checks issued.
Receipts from the repayment of mortgage loans appear under "Repayment of loans* in the statement of sources of funds.
Includes the Jlectric Home and farm Authority, which was transferred for purposes of liquidation to the Reconstruction finance Corporation by liseutlve order effective October 31, 191*2.
Comprises Cargoes, Incorporated, Defense Homes Corporation,
Defense Plant Corporation. Defense Supplies Corporation, Insti-
tut« of Inter-American Affaire,
It/
InBtltut« of Inter-Aoerlcan
Transportation, Znter-Aaerlcan Xducatlonal foundation, Inc.,
Inter-Anerlcan Hartgation Corporation, Metals Reserve Company,
Petroleum Reserves Corporation, Rubber Developoiont Corporation,
Rubber Reserve Company, Smaller Var Plants Corporation, U. S.
Coannerclal Company and Var Dania^ Corporation.
Includes expenditures for contributions and subro^ted shares
or claims in insured financial institutions.
September 1944
67
Sources of Funds of Certain Government Corporations and Credit Agencies
from Inception of Organization through June 30, 1044
Corporation or •c«>c7
Treasury Bulletin
68
Uses of Funds of Certain Government Corporations and Credit Agencies
from Inception of Organization through June 30, 1944
Sxpenses
Corporation or agency
RonadmlnlstratlTe
AdnlnletratlTe
Retirement of
obligations
letued In
exchange for
Dortgagea 1/
Purchaee and
Improvecient of
property
owned
Loane
672,91*6,839
Central Bank for Cooperatlres
20.825,190
CoDffiodlty Credit Corporation
7,713,290,096
2,58l*,U78,958
CI eaa ter Loan Corporation
U, 123, 692
133.189
30.713.195
Ixport-Inport Bank of Washington
1,217,607
23,0UU
278,001,022
federal Deposit Insurance Corporation
205,216,012
35. 55"*. 537
21,31*6,182
101.621,212
federal FariD Mortgage Corporation
federal National Mortgage Association
9U9
1,178,859,663
172 728,592
150,005,780
3.275.529.972
13 518,371
U61 895
8,285,U9U.877
5 51*7, 8U14
9,689,350
311,790,882
28,326,675
352,222,533
10,902,70l*,8ll*
372. 880. 876
625,307,816
558,758,765
18,881,81*2,1*07
20,219.765,758
2.295.11*9,875
Other
expenditures
Total, uses
of funds
1*38,
2.323.53't
128, 67!*
Home Ovnora' Loan Corporation
2'*7.665.920
Reconstruction finance Corporation^
110.998,1157
6,913, 72U
BTC Mortgage Conpany
,
The
'••
War corporations U/
Total
Investments
Corporation or agency
(net)
,
^
Allocations, rediscounts, and loane
to other goTernment
corporations and
credit agencies (net)
236.U37.796
57,350.000
Xxport-Icport Bank of Washington
federal fubllc Housing Authority
350.360.652
960.56l.OU6
1,805. 098, U91
1,002,151*
l.U23.U69,677
32,U76,653
256,1*07
315,7U9,721
91*6
1.352.770.352
li*,
7,070,000
161,529.250
367.01*1,001
170, 869
3.035,326
7,273.779.637
RfC Mortgage Company, The
3I*,
685,
9,018,320 6/
l6l,U9U,69g
615.528. 183
6.U65.7>ti'
6,92'»,603.3l5
369,01*0,291*
23.1*85,686
16,UU3,820,216
11,610,692
776.651
3U6.331.lU3
25,501.831*
371,526
U33, 888.801
3,000,000
23'*.5'n.757
3.1186.78I
2,0l*lt,l»21,96l
13,9Ul,585.397
1,710,367.027
7,818.790,860
1.532.575.61*3
2.li«2.868.998
56,125.1*27.150
Rural Ilectrlflcatlon Adslnlstration
V
593.601
30.859.385
13,175.178
26.1*51,872
Reconstruction finance Corporation 2/
2/
51.651.950
29,382.209
Bobs Ovsers' lean OorperatloB
2/
aou
366.701.738
fadird laTln«t and Lou Insuranoe Oorporatios.
1/
711.368,1*02
10,902,673,287
700
95"*.
11*6,988,81*3
Source:
3,690.225
300,787.116
131.973,331
171.
<
federal latlonal Mortgage Association
Total.
1,611,755
l*6,85U,i3i
688,931,112
Mortgage Corporation
War corporations
Interest and
dlTldsnds paid
16,681,670
Dlsaater Loan Corporation
federal Sepetlt Insurance Corporation
2,295.11*9.875 2/
387,630.670
Commodity Credit Corporation
fan
,
31,878,790
Central Bank for Cooperatlree
federal home loan banks
31*1*.
20, 38U, 770
Rural Ilectrlflcatlon Adnlnletratlon
federal
gU,
290
25.200,636
federal Saringe and Loan Ineurance Corporation.
271,1*18.921*
017.569
5.580.168
federal Public Rousing Authority
1,117,022,787
1,21*7,781,081
13.330.902
federal hone loan banks
J*/
Reports received from the corporations and agenciee. Data on
the basis of checks Issued.
Receipts from the repayment of mortgage loans ^pear under "Repayment of loans" In the statement of sources of funds.
Includes the retirement of those obligations uhlch »ore In effect refunded through sale of eecurltles to the Treasury.
Includes the Ilectrlc Home and farm Authority «hlch »bb transferred for purposes of liquidation to the Reconetruction finance
Corporation by tiecutlve order effective October Jl, 19U2.
Comprises Cargoes. Incorporated. Defense Homes Corporation, Defense Plant Corporation, Defense Supplies Corporation. Institute
of Inler-Asiorlcan Affairs, Institute of Inter-American Trans-
^
6/
portation, Inter-American Xducational foundation, Inc., InterAoerlcan Havlgation Corporation, Metals Rsserve Company, Petrolexiffl Reserves Corporation, Rubber Development Corporation,
Rubber Reserve Company, Smaller War Plants Corporation, tj. S.
Commercial Company and War Damage Corporation.
Includes V. 8. Oovernment bonds In the amount of 8UU.818,U53
as follows:
federal Deposit Insurance Corporation, 590,931.112;
federal Savings and Loan Insurance Corporation. 117,000,000;
federal Public Housing Authority, 7,070,000: federal home loan
banks, llU, 767, 3UI; Central Bank for Cooperatives, 15,050,000.
Includes expenditures for contributions and subrogated shares
or claims In Insured financial institutions.
September 1944
69
INTERNAL
REVENUE
STATISTICS
Treasury Bulletin
70
Summary of Internal Revenue Collections J7
(In thousanda of dollars)
Imploynent taxes
Incoo* and profits taxes
Social Security taxes ^/
fiscal year
or Bonth
IndlTldual
2/
Corporation
Income and
exceBS
profits 2/
3,281,792
1,105,788
3.l»9't.330
1,1*27.1*1*5
67l*,ltl6
1,091,71*1
5,653.Sl48
2,179,828
2,629,030
1,286,312
572.115
738.520
1,056,909
1.299.932
5,162, 36U
2,185,111*
1,028,831*
1,122,51*0
19U0
19U1
19U2
5.322.771
7.351.533
13,029.915
2,129,609
982.017
1,120,582
2,016,297
19'13
22, 368,721*
19UU
1*0,119,510
1935
193b
1937
1938
1939
''.
19U3-JUI7
August. ..
September.
October.
HoTember.
December.
.
igUU-Januaiy.
.
I^BbruAr7.
March
65K
308
527,113
Miscellaneous
profits
tams
Federal
ftderal
TTnenployiBant
Insurance
Tax Act
Contributions
Act (Old-age (Unemployment
Insurance)
insurance]
U/
6,560
li*,509
1*8
31,178
1*2,786
265. 71*5
71*2,660
33.71*0
71*0,1*29
27.010
37.172
56.621
58,119
90.267
101,167
833.521
925.856
1,185,362
605, 150
106,123
100.658
119.617
122,01*8
687,127
895.336
211,151
265.011
137.871
3,262,800
6.629.932
18. 261. 606
9,581*^715
ll*, 629,31*3
8lt,2l*l
1,1*98,705
1,131,51*6
156. 008
137.1*53
1,738.372
1,290,025
183.337
1,231,1*1*2
873.819
511.977
376
10,21*7
U.8U6
l.''l*7
2,87U
115,826
263,723
27,863
109.533
298, 726
222, 163
8,5'*7
2,91*9
937
32.813
23.977
8I3.577
1»,
687,1*62
31*7,
'*.191.778
2,01*1*.
715
2,132,387
2.179.567
2,089,229
5.017.358
I.6U3.578
1.086.1*51
51*8,1*11*
llU,66l
108.1*05
5.1*86
1,1*70,850
'•,590,615
l.l'*7.55'*
307.579
2.175.565
2,1*10,218
8.713
15.717
I*.
832
21*2,827
38,1*50
207.051
1.U96
8.339
1,086
2,088,Ue6
3.133.366
5,808,888
1.581*. 390
1.039,535
2.075.128
1,911*, 138
538,653
396,189
6.202
5.205
28.012
122,183
317.390
U9,590
530
199.8l*8
36,859
97,336
3.330. '»35
2.809.003
2.289.328
97.605
301.859
1*4,395
251*. 715
l*,5l*2
136,'*75
127, 8U6
2,620,lU9
109,1*27
l.'*17.655
U,6l3,2'*9
July
11*9.1*76
3,1*71,121*
ll*,676
3.076,173
5.111.657
U8
287
207,339
502,917
529.835
8.006,883
16,298,888
33,027,802
1,998,885
1,672,217
April
May
June
Carriers'
Taxing Act
of 1937
2.1*76.722
5.358.106
3.W5.956
568.1*13
2.2U3,793
1.859.230
1,288,899
3,260,51*1*
12.250
9.753
18.970
1,729,1*91
1,318,91*1
1*03,887
6,663
1*.
552,960
1*20, 31*5
81*.
3.1*81*
3,01*9
91.109
'*,602
11,081*
1.165
170,1*09
770
27.U37
35.868
79U
20,206
U3.057
1,891*
38,060
18,689
5.9'*l
Miscellaneous Internal revenue
ManufacTlecal year
or month
Capital
stock
Total
tax
Estate
and
gift
taxes
19351916.
19371938.
1939-
l,61*9.-782
2,001*,5ll*
91,508
212,112
9l*,9l*3
378,81*0
2.188.735
2,272.158
2,236.821
137.>t?9
105,51*8
139.3''9
216,871*
127,203
360,715
191*0.
2.359.61*1
2, 95"*. 553
132, 739
160,071
166,653
281,900
328, 795
1*07,058
191*1.
3.837,670
t, 571,131
5.353.336
191*2.
19U3.
19UI*.
651.617
19l*3-July
91
August.
September.
591*.
October.
lorember.
December.
1*21,328
.
I9UU- January
.
.
Tebruary
March
393.608
375.552
388,293
381. 913
339.25'*
1*01,192
43.133
66,990
69,919
46,233
41,083
142.275
379.540
449.854
416.754
396,891
91,052
76,172
80,151
117,501
143,540
624,064
819,869
1,048,165
1,423,481
1,618, 045
6O8.072
697.712
38,681
39.057
4l,702
45.155
50,800
447,088
617.373
852,069
670.01s
728.694
148,926
206,831
400.501
732.132
1,075.401
86.771
89.965
86.354
4,021
4,510
3.841
59.488
55.538
52.751
192.614
103.112
70.699
28,012
20,063
366
-U2
40,718
34.253
36.443
122,374
117,303
120,194
90.013
93.058
87.101
3.939
3.934
3.999
58.568
56,156
64,394
85,653
70,482
76,204
2U7
1*72
52.184
38.449
60.364
107,886
108,395
123,999
77.211
67.470
76.697
4.275
4.122
4.586
68,029
62.648
58.720
72,269
57.921
76.354
56.102
4i,s62
50,064
169.334
182,345
194.863
71.893
80,868
81,083
4.800
4,121
4.450
51.297
76.663
64,444
70.208
96,775
102.910
47,686
209,940
77.314
5.233
71,586
214,067
780. 792
923.857
988. 483
526,222
62,323
limiting provisions of the Vinson Act, and the tax on unjust
Baports of collections.
Ixclvides collections for credit to certain trust accounts for
territories and insular possessions, etc.
Includes Tlctory taj collections and collections undsr the
Current Tax PaToent Act of 19^3Includes income tsjt collections on Alaslcan railroads. The
excess profits tax shown in this column is that imposed under
anended.
the Second Revenue Act of 19'*0.
Consists of the declarsd value excess profits tax, the profit
•
U/
458,776
500.786
551,923
567.777
579.784
24, 847
128,357
1/
410,926
505,243
593.831
567.670
587,605
187.876
34,636
1*32,
Agrl cul tural
adjustment
taxes
6/
125,168
128,869
117,315
75'*.183
1/
excise
taxes
Miscellaneous
taxes
47,910
1*98,81*9
Source
turers' and
retailers'
135.61*5
June.
-.
Stamp
taxes
38O, 702
July.
Mv.
Tobacco
taxes
540
447,496
511.211
193
152
1.035
April.
1*23,827
1*82,986
Alcoholic
beverage
taxes
enridment.
5/
6/
Tot the period prior to September 1939 the data in the columns
entitled 7ederai Insursjice Contributions Act and Federal Unemployment Tax Act represent collections under Titles Till and
XX, respectively, of the Social Security Act.
Includes tax collections under the Sugar Act of 1937 «id under
the dividends tax Imposed ty the Act of Juno I6, 19!^3-
7i
September 1944
COLLECTIONS OF INTERNAL REVENUE
"DOLLARS
DOLLARS"
Billion*
Billions
Total
40
40
35
35
^Fiscal year
30
30
25
^Comparison
20
20
15
15
10
10
5
5
1930
DOLLARS
25
month
1944 and 1945
first
fiscal years
'31
'32
'33
'34
35
'37
'36
1
38
'39
'40
"41
'42
'43
'44
'45
Treasury Bulletin
72
Detailed Analysis of Current Internal Revenue Collections!/
(I& thouiandt of
July
Sourcet of reT«QU«
July
191*3
Income and proflte taxeei
Indlridu&l:
Vlthheld by employer! (Currecit Tax Payaent
let of I9U3) 2/
Victory tax (Rerenue Act of ISUS)
'168
Other:
Current
Back
^
Total IndlTidual Incoa* taxes
Corporation:
Income taxes:
Current
Back
^
Xxceet profits taxes (8«oond Revenue Act
of iguo as amended)
Total corporation taxes
Mlscellanoous profits taxes:
Declared value
Vinson Act.
Unjust enrichment
Total nlscellaneouB profits taxes
Total Income and profits taxes
Aoployaent taxes:
Social Ssourlty taxes:
TsdersI Insurance Oontrlbutlons lot (Oldace Insurance)
Federal Unemployment Tax Act (Uneoploysent
Insurcmce)
Total Social Security taxes
Carriers' Taxing Act of 1937
••
Total employment taxes
Miscellaneous Internal revenue:
Capital stock tax
Kstate tax
Gift tax
Alcoholic beverage taxes:
Distilled spirits (imported, excise)
Distilled spirits (domestic, excise)
DlBtiUed spirits rectification tax
Vices, cordials, etc. (inqported, excise).
Vines, cordials, etc. (domestic, excise).
BraBdy used for fortifying sveet wines
(repealed as of July 1, I9U0)
Dealers In distilled spirits; rectifiers;
manufacturers of stills (special taxes).
Stamps for distilled spirits Intended for
export
Case stamps for distilled spirits bottled
In bond
Container stamps
Hoor taxes
Fermented malt liquors
Brewers; dealers In malt liquors (special
taxes)
Total alcoholic beverage taxes
Tobacco taxes:
Cig&ri (large)
Cigars (email)
Cigarettes (large)
Cigarettes (small)
Snuff
Tobacco (chewing and sBoklng)
Cigarette papers and tubes
Leaf dealer penalties, etc
Cigarette and cigar floor taxee
To tal
tobac co taxes
l,178,82l»
dollan)
Sources of rerenu*
Jul*
July
I9U3
September 1944
73
MONETARY
STATISTICS
Treasury Bulletin
7*^
Gold Assets and Liabilities of the Treasury
(In sillionB of dollare)
Llabllltlee
notee. etc. 2/
Exchange
Stabilization
?und
156.0
156.0
156.0
156.0
156.0
1.800.0
1,800.0
1.800.0
1,800.0
1,800.0
1,008.6
156.0
156.0
156.0
156.0
156.0
1.800.0
1.800.0
1,800.0
1,800.0
1,800.0
UO8.9
213.2
215-3
1,800,0
1,800.0
1,800,0
159.1*
20,127.7
20,067.1
156.0
156.0
156.0
a. 937.
20,002.6
19,953-1
19,821.0
156.0
156.0
156.0
1.800.0
1.800.0
1.800.0
157-1
155-6
160.7
a. 918.
a, 711.
19,800,
19,591.
21.599.9
19. '•77.
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
I6U.6
166.7
iprll
Hay...
June.
21,1129.2
3.263.7
19.319.
19,150..
21,173-1
19,063.5
156.0
156.0
156.0
1,800.0
1,800.0
1,800.0
I5U.0
156.8
153.5
July p.
20,995-9
18,876.9
156.0
1,800.0
162.9
Oold
Aeeete
End of calendar
year or month
Oold OertlflIcatee 1/
5,27'*.0
8,238.6
10,122.9
11,257.6
12,760.0
IS}"*-
19351936.
1937.
19381939.
Oold Reserve
a^ainat U. S.
llt,511.2
7.679.5
8,959.6
9.212.3
11.872.8
17. 61*3. l»
15,278.6
19, 825.
20,56U.8
20,611.9
19,821.0
22.736.1
22.726.3
21.937.8
19U1.
19U2.
19U3.
Au^lt ....
22, 331*.
22. 21(2.
Sep tender.
22,175.0
October.
HoTeaber.
December.
22,06lt.7
19lt3-July
20,219."*
22,115.7
19Uli-Janu«i7..
Febniary.
March
Sally Treasury Stataaenta.
Preliminary.
Comprieei (1) gold certlflcatee held by the public and In federal Reeerre Banke: and (2) gold certificate credite in (a) the
Source:
p
1/
1939 - Jan. -Mar..
Apr -June
July-Sept
Oct. -Dec.
.
191*0 -
Jan. -Mar.
Apr. -June.
.
July-Sept
Oct. -Dec.
UU.UO
2/
y
End of fiscal
year or month
Miscellaneoue 2/
71*7-01
.3-31
3.11
62
657.1*7
2.8U
851-76
821-53
711-93
739-62
2.93
3.I&
3.16
2.50
789-32
1.530-30
1,281,31
750-17
U6.77
U6.37
52.27
73.63
1.1*80.79
1,225.88
67U.0U
3.2l*
July-Sept.
Oct. -Dec.
191*2 -
30.91
57-05
U9.20
320.20
22U.76
76.11
-75-91
2.59
372. U6
l.ltO
257.07
3-27
2.31
136.1*3
-2U.ltO
Jan-Mar..
36. U9
-87.01*
1,86
-1*8.69
Apr.-Jxine.
July- Sept
17.62
l.'«3
-16. 1*1
Oct. -Dec.
30.03
32.36
12.23
1.62
1.11
U9.0«
17.57
-27-83
Jan. -Mar..
Apr. -June.
July- Sept
Oat. -Sec.
1.2U
-3.01 1/
6.66
-3-23 2/
-152.1(0
-65
-187.03
-219 -'12
1.77
• 35
.72
-3-61 J/
-7.11 21
-335-65
-U19.55
191*3 -
19l4l|
1*9.67
- Jan. -Mar..
Aor.-June.
1/
2/
2/
-Ul.17
-231*. 93
-150.51
-188.27
-212.1*1
Hold
($35 P«r
fine ounce)
9.115-6
19351936.
1937.
193«1939-
IO.6O8.I4
12.318.3
12,963.0
16.110.1
160.7
159.1
151.9
161. 1*
Silver
($1.29* per
fine ounce)
Ratio of
sliver to gold
and sliver In
monetary etocke
3,066.1*
13.8
17.5
17.2
19.1
3,605.2
18.
1,1*63.1
2.21*9.5
2,5U2.1
191*0.
191*1.
19,961.1
22. 621*.
U!iw.7
191*2.
22.736.7
22,387.5
21,173-1
lt,jo6.3
16.5
15-5
15.9
U,298.5
3.9U7.9
15-7
22,33l»-«
U, 29lt.lt
22,2ltS.e
U,
28,175.0
U, 233.1
22.115.7
It,
22.061*.
It,
21.937.8
U. 208.6
a, 918.2
U.17U.9
21,711.6
21,599.9
l»,lU7.1
19U3.
I9UI - Jan.-Har..
Apr.-Jxine.
158.1*
(In millions of dollars)
699-30
8OU.96
765-95
51-.
3'»1.9
682.1*
Monetary Stocks of Gold and Silver
-69
52. 31*
1*3
U«7.'t
1.591.6
Board of Ooremore. Tederal Reeerre
Oold Certificate Fund
Syetem, and (b) the Redemption Tund - federal Reaenre notee.
Reeerre agalnat United Statee notee and Treaeury notee of I89O.
Sxcludea gold In active portion of Xxchange Stabilization Fund.
(In mlllione of dollare at $35 per fine ounce)
Gold received by
Importation or
released for exportation (-) 1/
Oold in
General Tund
-
Treasury Gold Receipts
Hevly-mlned
domeetlc
gold
y
191*1*.
19U3-July
Auguet
September.
October.
November.
December.
19l*ll-January.
February.
March
276.0
223.
213.
16.1
16.1
16.1
16.0
16.0
16.0
16.1
U.1U2.6
16.0
16.0
16.1
088.
16.0
U.O83.6
3.91*7.9
16.1
15.7
3.938.5
15.8
-237.1*1*
1.50
-337.76
-31
-1.26.35
Includes gold released from earmark or gold placed under earmark.
Comprises domestic coin, secondary gold, etc.
Excess of sales of gold to domestic Industry over receipte of
nevly-mlced domestic gold.
April.
May...
June.
a, 1*29.
It,
21,263.7
21,173.1
July p.
20.995-9
Dally Treasury Statement and Circulation Statement of
United Stetes Money.
Preliminary.
U
..
.
;
September 1944
U
g
U
6
9
6
75
Components of Silver Monetary Stock
Us illtou
of dollari)
SllTar h«ld In Treasurj
Xnd of calendar
7ear or aonth
Securing BllTor
certificates Ij
SllTer bullion
w"*
Silver dollar!
211.6
576.9
775.9
938.8
1.137.6
508.
1199.0
19110
1.298.2
1.198.1
19U1
l,'t76.1
I9't2
1.516.2
1.520.0
1935
1936
1937
1938
1939
19'*3
5O8.7
505.7
503.7
502.7
Sabsldlarj
coin 2/
U.2
U.2
5.7
Bxdlion for
r»coiiu«e 2/
8.8
.2
535-3
5.3
2.3
3.5
9.2
616.0
1*8.1
657.
U«U,1
U6g.
52.5
63.0
I400 -.1
1U.1»
19.1
1.5
li9lt.6
1(29.9
1*26.5
35.5
34.2
27.2
October. ..
November
December
1.519-7
1.520.0
1,520.0
1)22.0
1*10.3
26.5
21.7
lit.
ltOO.lt
llt.lt
19.1
1,520.0
1.520.0
1,520.1
396.7
395.8
39«.2
17-3
19.5
20.2
17.6
15.1
1,520.1
1,520.1
1.520.1
392.6
390.8
389.2
18.0
21.1
1,520.1
387.8
20.7
.
iglilt-Jamary.
.
February.
March
April
Hay
J^me
July p....
Source
1/
35.2
38.11
ltl.3
3-5
IA5.9
.
89.3
262.7
SllTor
dollare 1/
5.'»
1.519.7
1.519.7
1.519.7
AIl£uet ....
BollloD
at coet
3117.7
1*28.6
3
September.
I9't3-July
SllTer outalde
Treasury
1b Oeneral fund
Dally Treaenry Statement and Clrcxilatlon Statement of United
18.
20.
.2
.2
s.t
12.5
9.7
7.8
2.8
662.3
628.2
551.8
U3.i*
l*ll.l*
Total eilrer
at tl.39
per ounce
Snlieldlarjr
cola 2/
305.3
323.5
350.4
366.9
372-8
39l».l
M22-lt
''93-5
1.279.7
1.970.1
2,1102.3
2,806.5
3.3'i6.8
3.790.2
u, 060.0
(.2UU.g
U.317.6
1*, 207.3
78.6
587-3
96.8
681*. 7
589.1
584.9
567.3
87.5
88.8
90.7
633-2
It,
61*2.2
U, 276.0
65U.8
>*,
233-1
560.7
553-8
551.8
92.3
1*.
223-7
96.8
663.6
67U.2
68U.7
538.7
97.7
98.6
100.2
685.5
6s6.2
691.8
lt,17l*.9
101.7
103.5
105.2
697.0
706.0
U,088.3
711t.l
3. 9117.
106.6
722.6
3.938.5
528.1*
525-6
505-2
1*99.8
ltlt8.8
91*.
29lt.it
'*,213.7
>t,208.6
lt,ili7.i
U,lU2.6
It,
083.
Treasury Bulletin
76
Seigniorage on Silver
(Cufflulativa from
January 1, 193^^
~
^^ mllllonB of dollart)
Sourcea of eeignlorage on Bllver bullion revalued ij
Seigniorage
on silTer
and minor
coins
End of calendar
year or month
Newly-mined
Nevly-mlaed
silver (Proc,
silver (Act
bullion held
Dec. 21, 1933) July 6. 1939)
June ll*. I93I*)
U.5
18.5
U6.1
63.7
69.5
193'»-
19351936.
19371938-
19I10.
19H1.
19U2.
•
lt8.7
.k
148.7
l«.7
U8.7
16.8
36.0
58.0
1I8.7
7lt.9
Silver Pxirchase Act
of June 19.
193I*
Nationalized
silver
(Proc. of
Aug. 9. 193^)
31*-
705.6
950-6
1.055.8
1,089.0
3l*-7
U.2
25-7
530.7
562.7
3U-7
759.1*
1*8.3
580.1*
31*.
1*8.7
63.6
65.3
58U.3
58U.3
3i'.7
799.7
818.9
820.6
87.6
87.6
87.6
65.2
65.2
65.2
5SU.3
3l'-7
58U.
58U.
3l*-7
87.6
87.6
87.6
65.2
65-3
65.3
581*
31*-
581*
31*-
581*
31*-
58U.3
3U.7
820.6
820.7
820.7
91*3.9
3U.7
820.7
820.7
820.7
887.0
878.3
791-1
31*-
820.7
779-0
19UU- January.
February.
March
301-9
303.6
305-7
87.6
87.6
87.6
58l*.3
31*.
65. U
581*. 3
31*-
April.
May...
June.
308.8
315-6
322.6
87.6
87.6
87.6
65. u
65. u
65. u
58U.3
58U.3
3"*-
581*. 3
July..
326.2
87.6
65. u
5*.3
.
Baals:
1/
Daily Treasury Statenente.
These Items represent the difference between the cost value and
the monetary value of silver bullion revalued and held to secure
967.3
978.5
1*8.7
1*8.7
1*8.7
1,01*8.2
820.5
820.6
820.6
293-2
297-1
299-6
.
397.5
5UI.6
758.8
1,026.5
1,020.0
989.7
October.
November.
December.
1*8.7
271* -9
820.5
820.5
820.5
SeptBin1)er.
1*8.7
7
3U.7
1*8.7
Au^Bt ....
2/
132.6
28.5
3U-5
3U-7
1*8.
1*8.7
Potential
seigniorage on
silver bullion
at cost In
General Fund
128.7
326.2
U22.1
5O8.I
616.0
51.1
226.2
302.7
366.7
657.7
283-3
286.0
288.9
19U3-Jialy
Total
seigniorage
on silver
revalued
Us.
U8.7
91.7
122.2
182.1
2U5.7
299.6
1939.
191*3
Mlac. silver
Clncl. silver
31*. 7
31*.
7
7
968.
967.3
926.8
922.7
silver certificates.
The figures in this column are not cumulative; as the amount of
bullion held changes, the potential seigniorage thereon changes.
2/
Net Capital Movement to the United States, 1935 through May 1944
lln thousands of dollars.
Net capital outflow
(-]J
Analysis of net capital movwnent
Net ce^ital
Period
movement
Movement in
short-tenn
banking funds
Movement in
transactions
in domestic
aecuritles
Movement in
transactions
in foreign
securities
6.039
6,811
687
316,660
600,693
3I*
57.196
-85.U27
125.15;
191.076
267. 008
26,758
115,689
Movement In
brokerage
balances
Calendar year;
1935-Jan.
1. 1936).
1936-Dec. 30. 1936).
1936-Dec. 29, 1937)1937-Dec. 28. 1938).
1,1*12,1*86
96i*,629
1,195.922
801,915
397,31*2
255.591*
1*15,256
1938-Jaii.
1,195.635
331.268
1.132.383
1935
1936
1937
1938
1939
(J"-
19UO
(Jan.
(Jan.
(Jan.
(Jan.
(Jan.
U,
706,380
1.
-1*96.923
1,
601*. 321
852,928
-286,622
561.573
1.283.593
l,l6l*,758
31*0,280
Total (Jan.
2,
19U1
19U2
191*3
19UU
2(Jan.
2,
(Dec. 31,
(>c. 30,
(>c. 29.
3,
19110).
31*.
32.990
2l»U,626
-2U5,062
-261,955
78,156
51,703
1*6,599
-7,36i*
381-771
20.358
-U9
3.513
13.372
2.129
27.767
-20.975
-22,61*5
7,1*58,865
5,755,62U
119,881)
680.122
903.235
70,330
223.795
311
-1.027
3.662
-389
221*, 81*5
-lt.537
-2.565
-175
July
August
September
1*9.592
170.31*2
1*5,011
58,720
59,027
1,903
1.698
565
October
November
December
133.267
168,979
135.679
-71*7
163,1*36
1.301*
191tO-Doe. 31. 191*0).
19l*l-Dec. 31. 191*1).
19l*2-Dec. 31, 191*2).
1. 19U3-Dec. 31. 191*3).
1. 19l*l*-M«y
31, 19*).-
1935-Hay
31,
19l*l*)-
19U3-May..
June.
I9UU- January.
February.
March
April
K«r...
««••-•
71*.
1*20
77-696
U,392
-5,281
-13.91*0
21,0l*U
21,1*99
-978
1.52U
-3.932
llU,900
l|i*,99l*
55.551
2.383
-687
2.715
-9.008
ISlt.JSO
155.209
622
11*7,637
iiit.3Ui
76.736
-713
1.831
68U
-6,005
3,686
-12.9?5
5.859
-7.532
-20,09U
1,1*05
-5.1*38
1,038
1,151
-1,289
1.616
Ull
-6,082
-2,123
1 1*5,
Beck Plgures:
Monthly data for the period January 191*1 through
June 191*2 may be found in the "Treasury Bullstin" for
September 191*3.' page 73.
1.21*5
UNITED STATES
Treas.
HJ
10
.A2
1944
C.2
U.S. Treasury Dept.
Treasury Bulletin
us TREASURY
0031928
1
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